Superannuation Industry (Supervision) Act 1993

PART 15 - STANDARDS FOR TRUSTEES, CUSTODIANS AND INVESTMENT MANAGERS OF SUPERANNUATION ENTITIES  

Division 2 - Requirements for custodians and investment managers  

SECTION 125  

125   INDIVIDUALS NOT TO BE INVESTMENT MANAGERS OF SUPERANNUATION ENTITIES  

A person must not intentionally be, or act as, an investment manager of a superannuation entity (other than a self managed superannuation fund) if the person is not a body corporate.

Penalty: Imprisonment for 2 years.