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:...

SECTION 260L CIVIL LIABILITY FOR CONTRAVENING THIS CHAPTER

260L(1) (Recovery from whom)

A person who suffers loss or damage because a person contravenes a provision of this Chapter may recover the amount of the loss or damage from:

(a) the person who contravened the provision; or

(b) a person involved in the contravention.

This is so even if the person did not commit, and was not involved in, the contravention.

260L(2) [Limitation on cause of action]

An action under subsection (1) may begin at any time within 6 years after the day on which the cause of action arose.

260L(3) [Effect on other law]

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