156
CurrentCivil liability where subsection 155(2) contravened
Volume 2Parts 16 to 32 (sections 128 to 383), Endnotes
Part 19Public offer entities: provisions relating to superannuation interests
Division 2Issuing, offering etc. superannuation interests in public offer entities
156 Civil liability where subsection 155(2) contravened
(1)
If:
(a)
the trustee of a public offer entity contravenes subsection 155(2); and
(b)
a person suffers loss or damage because of the contravention;
the person may recover the amount of the loss or damage by action against the trustee.
(2)
The action must be begun within 6 years after the day on which the cause of action arose.
This Act’s bill:Second reading speech
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