Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
If:
(a) a person contravenes the certificate cancellation provisions of a prescribed CS facility in relation to the transfer of a particular financial product through the facility; and
(b) the issuer of the financial product is not involved in the contravention;
PART 7.11
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TITLE AND TRANSFER
Division 4
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Transfer of financial products effected through prescribed CS facility
SECTION 1074F
1074F
ISSUER PROTECTED FROM CIVIL LIABILITY FOR PERSON'S CONTRAVENTION OF PRESCRIBED CS FACILITY'S CERTIFICATE CANCELLATION RULES
If:
(a) a person contravenes the certificate cancellation provisions of a prescribed CS facility in relation to the transfer of a particular financial product through the facility; and
(b) the issuer of the financial product is not involved in the contravention;
the issuer is not liable to an action or other proceeding for damages in relation to the person's contravention.
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