Section 1074F — Corporations Act 2001 (Cth)

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.

Related sections

• s 1074C — Operating rules of prescribed CS facility may deal with transfer of title
• s 1074D — Valid and effective transfer if operating rules complied with
• s 1074E — Regulations may govern transfer of financial products in accordance with operating rules of prescribed CS facility
• s 1074G — Operation of this Division and regulations made for its purposes
• s 1075A — ASIC’s power to exempt and modify
• s 1100A — Qualified privilege for information given to ASIC

Research how courts apply s 1074F

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.