In forceAmended2020 Revised Edition

Contents

Accounting and Corporate Regulatory Authority Act 2004 · 2020 Revised Edition · Part 6A · Electronic Transaction System and Data Framework

30. Electronic transaction system malfunction, errors and omissions

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Amended

Last amended by an amending law of 2024. 3 amendments in all.

(1)

Despite any other written law or rule of law, the Registrar may —

(a)

correct any error or omission in any register kept by the Registrar under a scheduled law;

(b)

correct any error or omission in any document filed or lodged with, or submitted to, the Registrar; and

(c)

supply entries or records omitted to be made in any register mentioned in paragraph (a),if the error or omission has occurred or arisen as a result of any malfunction of the electronic transaction system.

(2)

The Registrar must maintain a record of every correction made under subsection (1).

(3)

When any error or omission has been corrected under subsection (1), the error or omission is deemed not to have occurred.

(4)

The Authority and the Authority’s officers, employees and agents shall not be liable for any loss or damage, suffered by any person by reason of any error or omission —

(a)

if the error or omission had occurred or arisen as a result of any malfunction in the electronic transaction system; and

(b)

if the malfunction in the electronic transaction system had occurred despite the Authority having acted in good faith and with reasonable care to prevent such a malfunction from occurring.[28E