Calls may be limited to when company is externally‑administered
(1) A limited company may provide by special resolution that the whole or a part of its unpaid share capital may be called up only if the company becomes a Chapter 5 body corporate. Note: This section does not apply to a CCIV: see section 1230L. (2) The company must lodge with ASIC a copy of the special resolution within 14 days after it is passed. (3) An offence based on subsection (2) is an offence of strict liability. Note: For strict liability, see section 6.1 of the Criminal Code.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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