THE CORPORATIONS LAW
CCH Note:
Part 13 of the Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82 The Corporations Law is as follows:...
CHAPTER 8 - THE FUTURES INDUSTRY
PART 8.3 - PARTICIPANTS IN THE FUTURES INDUSTRY
Division 4 - Liability of principals for representatives' conduct
SECTION 1188 EFFECT OF DIVISION 1188(1) [Joint and several liability] Where 2 or more persons are liable under this Division in respect of the same conduct or the same loss or damage, they are so liable jointly and severally. 1188(2) [Restricted effect of sections] Nothing in section 1183, 1184 or 1185: (a) affects a liability arising otherwise than by virtue of this Division; (b) notwithstanding paragraph (a) of this subsection, entitles a person to be compensated twice in respect of the same loss or damage; or (c) makes a person guilty of an offence.This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.