Australian Securities and Investments Commission Act 2001
12GWApplication of Subdivision
Start here
Get a plain-English read of 12GW
Turn the raw legal text into a practical explanation grounded in Australian Securities and Investments Commission Act 2001.
12GW Application of Subdivision
Nothing in this Subdivision: (a) prevents a person being held vicariously liable for a proportion of an apportionable claim for which another person is liable; or (b) prevents a partner from being held severally liable with another partner for that proportion of an apportionable claim for which the other partner is liable; or (c) affects the operation of any other Act to the extent that it imposes several liability on any person in respect of what would otherwise be an apportionable claim.