CORPORATIONS ACT 2001 - SECT 671C Civil liability
CORPORATIONS ACT 2001 - SECT 671C
Civil liability(1) A person who contravenes section 671B is liable to compensate a person for any loss or damage the person suffers because of the contravention.
(2) It is a defence in proceedings brought under this section if the person who contravenes section 671B proves that they contravened that section:
(a) because of inadvertence or mistake; or
(b) because they were not aware of a relevant fact or occurrence.
In determining whether the defence is available, disregard the person's ignorance of, or a mistake on the person's part concerning, a matter of law.
(3) If 2 or more persons each contravene section 671B because of the same act or omission, their liability under this section for the contravention is joint and individual.