THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.3 - PARTICIPANTS IN THE SECURITIES INDUSTRY

Division 4 - Liability of principals for representatives' conduct

SECTION 822   EFFECT OF DIVISION  

822(1)  [Where two or more liable]  

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.

822(2)  [Effect of other sections]  

Nothing in section 817, 818, or 819:

(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.