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CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.6 - WINDING UP GENERALLY  

Division 2 - Contributories  

SECTION 521  

521  PERSON CEASING TO BE A MEMBER A YEAR OR MORE BEFORE WINDING UP  

Subject to section 523, a past member need not contribute if he, she or it was a member at no time during the year ending on the day of the commencement of the winding up.

 



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