SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993
Each trustee of a superannuation entity must ensure that the prescribed standards applicable to the operation of the entity are complied with at all times.
A person who intentionally or recklessly contravenes subsection (1) commits an offence punishable on conviction by a fine not exceeding 100 penalty units.
Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.
A contravention of subsection (1) does not affect the validity of a transaction.