Superannuation Industry (Supervision) Act 1993
PART 8
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IN-HOUSE ASSET RULES APPLYING TO REGULATED SUPERANNUATION FUNDS
Division 4
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Enforcement
SECTION 84
IN-HOUSE ASSET RULES MUST BE COMPLIED WITH
84(1)
Each trustee of a regulated superannuation fund must take all reasonable steps to ensure that the provisions of Division 2 , and either Division 3 or 3A (whichever is applicable), are complied with.
84(2)
Subsection (1) is a civil penalty provision as defined by section 193 , and Part 21 therefore provides for civil and criminal consequences of contravening, or of being involved in a contravention of, that subsection. 84(3)
A contravention of subsection (1) does not affect the validity of a transaction.
Each trustee of a regulated superannuation fund must take all reasonable steps to ensure that the provisions of Division 2 , and either Division 3 or 3A (whichever is applicable), are complied with.
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 noteSubsection (1) is a civil penalty provision as defined by section 193 , and Part 21 therefore provides for civil and criminal consequences of contravening, or of being involved in a contravention of, that subsection. 84(3)
A contravention of subsection (1) does not affect the validity of a transaction.
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