Superannuation Industry (Supervision) Legislation Amendment Act 1995 (144 of 1995)

Schedule 4   AMENDMENTS OF THE SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

51   Subsections 126A(2), (3), (4), (5) and (6)

Omit the subsections, substitute:

Prohibition-responsible officer of body corporate

"(2) A person must not intentionally be, or act as, a responsible officer of a body corporate that is a custodian of a superannuation entity (other than an excluded fund) if the person is, and knows that the person is, a disqualified person.

Penalty: Imprisonment for 2 years.".