Section 518 — Corporations Act 2001 (Cth)

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.

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.

Related sections

s 515 — General liability of contributory
s 516 — Company limited by shares
s 517 — Company limited by guarantee
s 519 — Exceptions for former unlimited company
s 520 — Past member: later debts
s 521 — Person ceasing to be a member a year or more before winding up

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