CORPORATIONS ACT 2001 - SECT 1074F Issuer protected from civil liability for person's contravention of prescribed CS facility's certificate cancellation rules

CORPORATIONS ACT 2001 - SECT 1074F

    If:

  (a)   a person contravenes the provisions of a prescribed CS facility's operating rules that deal with:

  (i)   the cancellation of documents of title to financial products transferred through the facility; and

  (ii)   matters incidental to the cancellation of those documents;

    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.