Document ID: chunk:federal_register_of_legislation:C2015C00050:clause:1_29vpa
Version: federal_register_of_legislation:C2015C00050
Segment Type: clause
Provision Reference: sch 1 cl 29VPA
Character Range: 37516–38513

29VPA  Contravention of section 29VO
 (1) A person must not contravene section 29VO.
 (2) A contravention of subsection (1) is not an offence and a contravention of that subsection does not result in the invalidity of a transaction.
 (3) A person who suffers loss or damage as a result of the conduct of another person that was engaged in in contravention of subsection (1) may, with the leave of the court, recover the amount of the loss or damage by action against that other person or against any person involved in the contravention.
 (4) A person may, within 6 years after the day on which the cause of action arose, seek the leave of the court to bring such an action.
 (5) In deciding whether to grant leave to bring such an action, the court must take into account whether:
 (a) the applicant is acting in good faith; and
 (b) there is a serious question to be tried.
 (6) The court may, in granting leave to bring such an action, specify a period within which the action may be brought.