Superannuation Industry (Supervision) Act 1993

Pt 2A inserted by No 53 of 2004, s 3 and Sch 1 item 29, effective 1 July 2004.

Div 9 inserted by No 53 of 2004, s 3 and Sch 1 item 29, effective 1 July 2004.

S 29JC repealed by No 117 of 2012, s 3 and Sch 2 item 26, effective 9 September 2012. S 29JC formerly read:

SECTION 29JC NOT COMPLYING WITH DIRECTION TO MODIFY RISK MANAGEMENT STRATEGY  
29JC(1)
An RSE licensee must comply with a direction given to it under section 29HB within the time specified in the direction.

29JC(2)
A person commits an offence if:

(a) the person is:

(i) a body corporate that is an RSE licensee; or

(ii) a member of a group of individual trustees that is an RSE licensee; and

(b) the RSE licensee is in breach of subsection (1).

Penalty: 60 penalty units.

29JC(3)
Subsection (2) is an offence of strict liability.

Note 1:

For strict liability , see section 6.1 of the Criminal Code .

Note 2:

Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility and Part IA of the Crimes Act 1914 contains provisions dealing with penalties.

S 29JC inserted by No 53 of 2004, s 3 and Sch 1 item 29, effective 1 July 2004.