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Note 13. Member's guarantee

Australian Institute for Teaching and School Leadership Limited is incorporated under the Australian Charities and Not-for-profit Commission Act 2012 and the Corporations Act 2001 and is an entity limited by guarantee. If the entity is wound up, the constitution states that each member is required to contribute a maximum of $20 toward meeting any obligations of the entity. At 30 June 2020 the number of members was one.