Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:1_671c
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 1 cl 671C
Character Range: 373181–373992

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.

Part 6C.2—Tracing beneficial ownership of shares