Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:1_672f
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 1 cl 672F
Character Range: 377823–378607

672F  Civil liability

 (1) A person who contravenes section 672B 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 672B 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 672B because of the same act or omission, their liability under this section for the contravention is joint and individual.

Part 6C.3—ASIC powers