Section 671C — Corporations Act 2001: Civil liability

(1) A person who contravenes section 671B 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 671B 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 671B because of the same act or omission, their liability under this section for the contravention is joint and individual.