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CORPORATIONS ACT 2001

CHAPTER 6C - INFORMATION ABOUT OWNERSHIP OF LISTED COMPANIES AND MANAGED INVESTMENT SCHEMES  

PART 6C.2 - TRACING BENEFICIAL OWNERSHIP OF SHARES  

SECTION 672F  CIVIL LIABILITY  

672F(1)  [ Liability to compensate]  


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)  [ Defence]  


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)  [ Joint and individual liability]  


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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