Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 671C

Civil liability

  (1)   A person who contravenes section   671B is liable to compensate a person for any loss or damage the person suffers because of the contravention.

  (2)   It is a defence in proceedings brought under this section if the person who contravenes section   671B 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.

  (3)   If 2 or more persons each contravene section   671B because of the same act or omission, their liability under this section for the contravention is joint and individual.

 


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