Superannuation Industry (Supervision) Act 1993
If a person is appointed under this Part to act as trustee of a superannuation entity, the Regulator may give a written notice to the person directing the person to do, or not to do, one or more specified acts or things in relation to the superannuation entity.
A person must not intentionally or recklessly contravene a direction under subsection (1).
Penalty: 100 penalty units.
Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.
This section does not affect the validity of a transaction entered into by a person in contravention of the notice.
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