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CORPORATIONS ACT 2001 - SECT 672F

Civil liability

             (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.

             (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.

             (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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