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CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.6 - WINDING UP GENERALLY  

Division 2 - Contributories  

SECTION 518  

518  COMPANY LIMITED BOTH BY SHARES AND BY GUARANTEE  

Subject to section 519, if the company is a company limited both by shares and by guarantee, neither of sections 516 and 517 applies but the member need not contribute more than the aggregate of the following:


(a) the amount (if any) unpaid on shares in respect of which the member is liable as a present or past member;


(b) the amount that the member has undertaken to contribute to the company's property if the company is wound up.

 



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