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CORPORATIONS ACT 2001

CHAPTER 2L - DEBENTURES  

PART 2L.6 - CIVIL LIABILITY  

SECTION 283F  CIVIL LIABILITY FOR CONTRAVENING THIS CHAPTER  

283F(1)  [Recovery of loss or damage]  


A person who suffers loss or damage because a person contravenes a provision of this Chapter may recover the amount of the loss or damage from:


(a) the person who contravened the provision; or


(b) a person involved in the contravention.

This is so even if the person did not commit, and was not involved in, the contravention.

283F(2)  [Limitation period]  


An action under subsection (1) may begin at any time within 6 years after the day on which the cause of action arose.

283F(3)  [Effect on liability under any other law]  


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

 



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