Corporations Amendment (Sons of Gwalia) Act 2010 (150 of 2010)

Schedule 1   Amendment of the Corporations Act 2001

1   At the end of Chapter 2F

Add:

Part 2F.4 - Proceedings against a company by members and others

247E Shareholding does not prevent compensation claim

A person is not prevented from obtaining damages or other compensation from a company only because the person:

(a) holds, or has held, shares in the company; or

(b) has subscribed for shares in the company; or

(c) has a right to be included in the register that the company maintains under section 169.