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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 246
Liability for damages
None of the following:
- (aa)
- the Minister;
- (a)
- ASIC;
- (b)
- CASAC;
- (c)
- a member of ASIC;
- (d)
- a member of CASAC;
- (e)
- a member of the Panel;
- (f)
- a person appointed for the purposes of this Act or a prescribed law of the
Commonwealth, a State or a Territory;
- (g)
- a staff member or a person who is, or is a member of, an ASIC delegate or
is authorised to perform or exercise a function or power of, or on behalf of,
ASIC;
- (h)
- a member of the staff referred to in subsection 156(1), a person employed
under subsection 156(3), a person engaged under subsection 157(1) or any of
the officers, employees and persons who under section 158 are to assist
CASAC;
is liable to an action or other proceeding for damages for or in relation to
an act done or omitted in good faith in performance or purported performance
of any function, or in exercise or purported exercise of any power, conferred
or expressed to be conferred by or under the corporations legislation, or a
prescribed law of the Commonwealth, a State or a Territory.
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