Commonwealth Numbered Acts

RETIREMENT SAVINGS ACCOUNTS ACT 1997 No. 61, 1997 - SECT 76

(1) An RSA provider must not issue, or authorise the issue of, a regulated
document in relation to the RSA provider in which there is a material
statement that is false or misleading.

(2) If:

   (a)  an RSA provider contravenes subsection (1); and

   (b)  a person suffers loss or damage because of the contravention; the
        person may recover the amount of the loss or damage by action against
        the RSA provider.

(3) The action may be begun even if the RSA provider has been convicted of an
offence in respect of the conduct constituting the contravention.

(4) The action must be begun within 6 years after the day on which the cause
of action arose.

(5) It is a defence to the action if the RSA provider proves that, before the
person suffered the loss or damage, the person knew that the statement was
false or misleading.

(6) This section does not affect any liability under any other provision of
this Act or under any other law.