Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CORPORATIONS ACT 2001 No. 50, 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:

because of inadvertence or mistake; or

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.

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback