Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1340

1340. Where unclaimed property is or includes shares in a body corporate, the
Minister is not subject to any obligation:

   (a)  to pay any calls;

   (b)  to make any contribution to the debts and liabilities of the body
        corporate;

   (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.