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.