Superannuation Industry (Supervision) Act 1993

Div 3 heading inserted by No 25 of 2008, s 3 and Sch 1 item 54, effective 26 May 2008.

Subdiv A heading inserted by No 25 of 2008, s 3 and Sch 1 item 54, effective 26 May 2008.

S 126 substituted by No 25 of 2008, s 3 and Sch 1 item 54, effective 26 May 2008. S 126 formerly read:

SECTION 126 DISQUALIFIED PERSONS NOT TO BE INVESTMENT MANAGERS OF SUPERANNUATION ENTITIES  
126(1)
A person must not intentionally be, or act as, an investment manager of a superannuation entity if the person is, and knows that the person is, a disqualified person.

Penalty: Imprisonment for 2 years.

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History

S 126(1) amended by No 160 of 2000, s 3 and Sch 3 item 15, by omitting " (other than a self managed superannuation fund) " after " superannuation entity " , effective 18 January 2001.

S 126(1) amended by No 121 of 1999, s 3 and Sch 1 item 53, by substituting " a self managed superannuation fund " for " an excluded fund " , effective 8 October 1999. For transitional and saving provisions, see the history note under the heading to Pt 24B .

126(2)
A person must not intentionally be, or act as, a responsible officer of a body corporate that is an investment manager of a superannuation entity if the person is, and knows that the person is, a disqualified person.

Penalty: Imprisonment for 2 years.

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History

S 126(2) amended by No 160 of 2000, s 3 and Sch 3 item 15, by omitting " (other than a self managed superannuation fund) " after " superannuation entity " , effective 18 January 2001.

S 126(2) amended by No 121 of 1999, s 3 and Sch 1 item 53, by substituting " a self managed superannuation fund " for " an excluded fund " , effective 8 October 1999. For transitional and saving provisions, see the history note under the heading to Pt 24B .

S 126(2) substituted by No 144 of 1995.

126(3) - (6)
(Omitted by No 144 of 1995)