THE CORPORATIONS LAW

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

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History

Heading inserted by No 210 of 1992, s 166 (effective 23 June 1993).

SECTION 1112C   CIVIL LIABILITY: CONTRAVENTION BY BROKER OF THE SCH CERTIFICATE CANCELLATION PROVISIONS  

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1112C(1)  [Recovery of loss or damage from broker]  

A person who suffers loss or damage because of conduct of a broker that was engaged in in contravention of the SCH certificate cancellation provisions may, unless the person was involved in the contravention, recover the amount of the loss or damage by action against the broker, whether or not the broker has been convicted of an offence in respect of the contravention.

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S 11112C(1) inserted by No 104 of 1994, Sch 2 (effective 15 July 1994).

1112C(2)  [Limitation period]  

An action under subsection (1) must be begun within 6 years after the day on which the cause of action arose.

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S 1112C(2) inserted by No 104 of 1994, Sch 2 (effective 15 July 1994).

1112C(3)  [Other liabilities unaffected]  

This section does not affect a liability that a person has under any other law.

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History

S 1112C(3) inserted by No 104 of 1994, Sch 2 (effective 15 July 1994).

1112C(4)  [Recovery limited to one jurisdiction]  

For the purposes of section 1310B, an action under subsection (1) is taken to be a proceeding in respect of loss or damage arising out of a contravention of this Law.

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S 1112C(4) inserted by No 104 of 1994, Sch 2 (effective 15 July 1994).

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