Section 672F — Corporations Act 2001 (Cth)

(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.

Related sections

• s 672D — Fee for complying with a direction given by a company, scheme or fund under this Part
• s 672DA — Register of information about relevant interests in listed company, listed registered scheme or listed notified foreign passport fund
• s 672E — No notice of rights
• s 673 — ASIC’s power to exempt and modify
• s 674 — Continuous disclosure—listed disclosing entity bound by a disclosure requirement in market listing rules—reasonable person’s expectations
• s 674A — Continuous disclosure—listed disclosing entity bound by a disclosure requirement in market listing rules—knowledge, recklessness or negligence

Research how courts apply s 672F

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