Superannuation Industry (Supervision) Act 1993
Each trustee of a superannuation entity must ensure that up-to-date records of:
(a) all changes of trustees of the entity; and
(b) all changes of directors of any corporate trustee of the entity; and
(c) all consents given under section 118 ;
are kept and retained for at least 10 years.
A trustee commits an offence if the trustee contravenes subsection (1). This is an offence of strict liability.
Penalty: 50 penalty units.
Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.
For strict liability , see section 6.1 of the Criminal Code .