THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.13 - TITLE TO, AND TRANSFER OF, SECURITIES

Division 3 - Transfer of marketable securities and marketable rights

Subdivision D - Miscellaneous

SECTION 1112D   ISSUER PROTECTED FROM CIVIL LIABILITY FOR BROKER'S CONTRAVENTION OF SCH CERTIFICATE CANCELLATION PROVISIONS  

1112D    If:

(a)  a broker contravenes the SCH certificate cancellation provisions in relation to particular quoted securities or quoted rights; and

(b)  the issuing body in relation to the securities or rights is not involved in the contravention;

the issuing body is not liable to an action or other proceeding for damages in relation to the broker's contravention.




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