Superannuation Industry (Supervision) Act 1993
PART 12
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DUTIES OF TRUSTEES AND INVESTMENT MANAGERS OF SUPERANNUATION ENTITIES
SECTION 104
DUTY TO KEEP RECORDS OF CHANGES OF TRUSTEES
104(1)
Each trustee of a superannuation entity must ensure that up-to-date records of:
(a) all changes of trustees of the entity; and
(b) all changes of directors of any corporate trustee of the entity; and
(c) all consents given under section 118 ;
104(2)
A trustee commits an offence if the trustee contravenes subsection (1). This is an offence of strict liability.
Each trustee of a superannuation entity must ensure that up-to-date records of:
(a) all changes of trustees of the entity; and
(b) all changes of directors of any corporate trustee of the entity; and
(c) all consents given under section 118 ;
are kept and retained for at least 10 years.
Note:
Section 166 imposes an administrative penalty for a contravention of subsection (1) in relation to a self managed superannuation fund.
View history note
Hide history note104(2)
A trustee commits an offence if the trustee contravenes subsection (1). This is an offence of strict liability.
Penalty: 50 penalty units.
Note 1:
Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.
Note 2:
For strict liability , see section 6.1 of the Criminal Code .
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