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 7 - SECURITIES
PART 7.13 - TITLE TO, AND TRANSFER OF, SECURITIES
Division 3 - Transfer of marketable securities and marketable rights
Subdivision D - Miscellaneous
History
Heading inserted by No 210 of 1992, s 166 (effective 23 June
1993).
SECTION 1112D
ISSUER PROTECTED FROM CIVIL LIABILITY FOR BROKER'S CONTRAVENTION OF SCH CERTIFICATE CANCELLATION PROVISIONS
1112D
If:
(a)
a broker contravenes the SCH certificate cancellation provisions in relation to particular quoted securities or quoted rights; and
(b)
the issuing body in relation to the securities or rights is not involved in the contravention;
the issuing body is not liable to an action or other proceeding for damages in relation to the broker's contravention.
History
S 1112D inserted by No 104 of 1994, Sch 2 (effective 15 July 1994).