Corporations Act 2001
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
If: (a) a person contravenes the provisions of a prescribed CS facility ' s operating rules that deal with:
(i) the cancellation of documents of title to financial products transferred through the facility; and
in relation to the transfer of a particular financial product through the facility; and (b) the issuer of the financial product is not involved in the contravention;
(ii) matters incidental to the cancellation of those documents;
the issuer is not liable to an action or other proceeding for damages in relation to the person's contravention.
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