Corporations Act 2001

CHAPTER 6C - INFORMATION ABOUT OWNERSHIP OF LISTED COMPANIES, LISTED REGISTERED SCHEMES AND LISTED NOTIFIED FOREIGN PASSPORT FUNDS  

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History

Ch 6C heading substituted by No 61 of 2018, s 3, Sch 2[165] (effective 18 September 2018).

PART 6C.2 - TRACING BENEFICIAL OWNERSHIP OF SHARES  

SECTION 672F   CIVIL LIABILITY  

CCH Note: Section 672F is modified by the ASIC Corporations (Warrants: Relevant Interests and Associations) Instrument 2023/687.

672F(1)    
A person who contravenes section 672B is liable to compensate a person for any loss or damage the person suffers because of the contravention.

672F(2)    
It is a defence in proceedings brought under this section if the person who contravenes section 672B proves that they contravened that section:

(a)    because of inadvertence or mistake; or

(b)    because they were not aware of a relevant fact or occurrence.

In determining whether the defence is available, disregard the person ' s ignorance of, or a mistake on the person ' s part concerning, a matter of law.

672F(3)    
If 2 or more persons each contravene section 672B because of the same act or omission, their liability under this section for the contravention is joint and individual.

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