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CORPORATIONS REGULATIONS 2001 - REG 12.8.09 Member shares--unclaimed property

CORPORATIONS REGULATIONS 2001 - REG 12.8.09

Member shares--unclaimed property

  (1)   For clause   38 of Schedule   4 to the Act, section   1343 of the Act does not apply in relation to a member share of the body corporate.

  (2)   For clause   38 of Schedule   4 to the Act, the constitution of the body corporate may provide that if a member share is cancelled, and the value of the share is transferred, the value of the share is to be treated as unclaimed moneys held by the body corporate.

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