Securities and Futures Act 2001 · 2020 Revised Edition · Part 7 · Disclosure of Interests
137ZE. Action under section 137ZD not to commence, etc., in certain situations
Feedback & supportLast amended by an amending law of 2009.
An action under section 137ZD for an act referred to in subsection (1)(a), (b) or (c) of that section must not be commenced against any person —
after the expiration of 6 years from the date of the act; or
if the person has been convicted or acquitted in criminal proceedings instituted against the person for that act, except where the person has been acquitted because of the withdrawal of the charge against the person.
An action under section 137ZD against any person for an act referred to in subsection (1)(a), (b) or (c) of that section must be stayed after criminal proceedings have been commenced against the person for that act, and may thereafter be continued only if —
that person has been discharged in respect of that act and the discharge does not amount to an acquittal; or
the charge against that person in respect of that act has been withdrawn.