Note 15: Members’ Guarantee
The company is incorporated under the Corporations Act 2001 and is a company limited by guarantee. If the company is wound up, the constitution states that each member is required to contribute a maximum of $50 towards meeting any outstanding obligations of the company. At 30 June 2019, the number of members was 3 (30 June 2018: 3).
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https://www.transparency.gov.au/annual-reports/australia-business-arts-foundation-ltd/reporting-year/2018-2019-53