Commonwealth Consolidated Acts

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PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 271

Entitlement to damages for breach of duties or obligations

  (1)   If a person fails to discharge any duty or obligation imposed on the person by this Act:

  (a)   the person to whom the duty or obligation is owed; and

  (b)   any other person who can reasonably be expected to rely on performance of the duty or obligation;

has a right to recover damages for any loss or damage that was reasonably foreseeable as likely to result from the failure.

  (2)   Nothing in subsection   (1) limits or affects any liability that a person may incur under any of the following:

  (a)   a law of the Commonwealth, a State or a Territory;

  (b)   the general law.



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