S 27 repealed by No 9 of 2007, s 3 and Sch 4 item 2, applicable in relation to things that are done and events that occur on or after 1 July 2007. S 27 formerly read:
SECTION 27 STATEMENTS WHERE CONTRIBUTED AMOUNTS TRANSFERRED BETWEEN SUPERANNUATION PROVIDERS
27(1)
This section applies only to financial years that start on or after a day prescribed by the regulations.
27(2)
A superannuation provider commits an offence if:
(a)
the provider transfers to another superannuation provider any of the contributed amounts in relation to a member during a financial year; and
(b)
the provider fails to give the other provider a statement setting out the prescribed information within 30 days after the day on which the amount is transferred.
Penalty: 50 penalty units.
27(3)
An offence against subsection (2) is an offence of strict liability.
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