SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993
[ CCH Note: Pt 24 has effect in relation to standard employer-sponsored funds and eligible rollover funds, and their trustees, as if it were modified by amendments to s 244 , 247 , 248 and 249 - see ISC Modification Declaration No 4 under s 244 , 247 , 248 and 249 .]
A person must not contravene section 242K or 242L . 242M(2)
Subsection (1) is a civil penalty provision as defined by section 193 , and Part 21 therefore provides for civil and criminal consequences of contravening, or of being involved in a contravention of, that subsection. 242M(3)
A contravention of subsection (1) does not result in the invalidity of a transaction.