Corporations Act 2001

CHAPTER 6C - INFORMATION ABOUT OWNERSHIP OF LISTED COMPANIES, LISTED REGISTERED SCHEMES AND LISTED NOTIFIED FOREIGN PASSPORT FUNDS  

PART 6C.2 - TRACING BENEFICIAL OWNERSHIP OF SHARES  

SECTION 672F   CIVIL LIABILITY  

672F(1)    
A person who contravenes section 672B is liable to compensate a person for any loss or damage the person suffers because of the contravention.

672F(2)    
It is a defence in proceedings brought under this section if the person who contravenes section 672B proves that they contravened that section:

(a)    because of inadvertence or mistake; or

(b)    because they were not aware of a relevant fact or occurrence.

In determining whether the defence is available, disregard the person ' s ignorance of, or a mistake on the person ' s part concerning, a matter of law.


672F(3)    
If 2 or more persons each contravene section 672B because of the same act or omission, their liability under this section for the contravention is joint and individual.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.