Where unclaimed property is or includes shares in a body corporate, ASIC is
not subject to any obligation:
- (a)
- to pay any calls; or
- (b)
- to make any contribution to the debts and liabilities of the body
corporate; or
- (c)
- to discharge any other liability; or
- (d)
- to do any other act or thing;
in respect of the shares, whether the obligation arises before or after the
shares become unclaimed property, but this section does not affect the right
of a body corporate to forfeit a share.
Commonwealth Numbered Acts