Superannuation Industry (Supervision) Act 1993

PART 19 - PUBLIC OFFER ENTITIES: PROVISIONS RELATING TO SUPERANNUATION INTERESTS  

Division 2 - Issuing, offering etc. superannuation interests in public offer entities  

SECTION 156   CIVIL LIABILITY WHERE SUBSECTION 155(2) CONTRAVENED  

156(1)   [Action for loss or damage]  

If:

(a) the trustee of a public offer entity contravenes subsection 155(2) ; and

(b) a person suffers loss or damage because of the contravention;

the person may recover the amount of the loss or damage by action against the trustee.

156(2)   [Period to bring action]  

The action must be begun within 6 years after the day on which the cause of action arose.