Superannuation Industry (Supervision) Act 1993

PART 26 - OFFENCES RELATING TO STATEMENTS, RECORDS ETC.  

SECTION 306   INCORRECTLY KEEPING OR MAKING RECORDS ETC.  

306(1)    

If:

(a) a person is required under this Act, the regulations or the prudential standards to keep any accounts, accounting records or other records; and

(b) the person keeps those accounts or records in such a way that they do not correctly record and explain the matters, transactions, acts or operations to which they relate;

the person commits an offence punishable on conviction by imprisonment for not longer than 12 months.

Note:

Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.

306(2)    

If:

(a) a person is required under this Act, the regulations or the prudential standards to make a record of any matter, transaction, act or operation; and

(b) the person makes such a record in such a way that it does not correctly record the matter, transaction, act or operation;

the person commits an offence punishable on conviction by imprisonment for not longer than 12 months.

Note:

Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.