Section 1342 — Corporations Act 2001 (Cth)

Commonwealth or ASIC not liable for loss or damage

Neither the Commonwealth nor ASIC is liable for any loss or damage suffered by a person arising out of the exercise of, or the failure to exercise, any of the powers which are conferred on ASIC under this Part or which ASIC has in relation to unclaimed property.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 1339 — ASIC to deal with unclaimed property
s 1340 — No liability to pay calls on shares etc.
s 1341 — Entitlement to unclaimed property
s 1343 — Disposal of securities if whereabouts of holder unknown
s 1343A — Disposal of interests in registered scheme if whereabouts of member unknown
s 1344 — Use of ABN

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