Section 247E — Corporations Act 2001 (Cth)

Shareholding does not prevent compensation claim

A person is not prevented from obtaining damages or other compensation from a company only because the person:

(a) holds, or has held, shares in the company; or

(b) has subscribed for shares in the company; or

(c) has a right to be included in the register that the company maintains under section 169.

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 247B — Ancillary orders
s 247C — Disclosure of information acquired in inspection
s 247D — Company or directors may allow member to inspect books (replaceable rule see section 135)
s 248A — Circulating resolutions of companies with more than 1 director (replaceable rule see section 135)
s 248B — Resolutions and declarations of 1 director proprietary companies
s 248C — Calling directors’ meetings (replaceable rule see section 135)

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