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Australian Securities and Investments Commission Act 2001
12GPApplication of Subdivision
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#### 12GP Application of Subdivision
(1) This Subdivision applies to a claim (an apportionable claim) if the claim is a claim for damages made under section 12GF for:
(a) economic loss; or
(b) damage to property;
caused by conduct that was done in a contravention of section 12DA.
(2) For the purposes of this Subdivision, there is a single apportionable claim in proceedings in respect of the same loss or damage even if the claim for the loss or damage is based on more than one cause of action (whether or not of the same or a different kind).
(3) In this Subdivision, a concurrent wrongdoer, in relation to a claim, is a person who is one of 2 or more persons whose acts or omissions (or act or omission) caused, independently of each other or jointly, the damage or loss that is the subject of the claim.
(4) For the purposes of this Subdivision, apportionable claims are limited to those claims specified in subsection (1).
(5) For the purposes of this Subdivision, it does not matter that a concurrent wrongdoer is insolvent, is being wound up or has ceased to exist or died.