THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.13 - TITLE TO, AND TRANSFER OF, SECURITIES

Division 3 - Transfer of marketable securities and marketable rights

Subdivision D - Miscellaneous

SECTION 1112C   CIVIL LIABILITY: CONTRAVENTION BY BROKER OF THE SCH CERTIFICATE CANCELLATION PROVISIONS  

1112C(1)  [Recovery of loss or damage from broker]  

A person who suffers loss or damage because of conduct of a broker that was engaged in in contravention of the SCH certificate cancellation provisions may, unless the person was involved in the contravention, recover the amount of the loss or damage by action against the broker, whether or not the broker has been convicted of an offence in respect of the contravention.

1112C(2)  [Limitation period]  

An action under subsection (1) must be begun within 6 years after the day on which the cause of action arose.

1112C(3)  [Other liabilities unaffected]  

This section does not affect a liability that a person has under any other law.

1112C(4)  [Recovery limited to one jurisdiction]  

For the purposes of section 1310B, an action under subsection (1) is taken to be a proceeding in respect of loss or damage arising out of a contravention of this Law.