SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

PART 24 - ELIGIBLE ROLLOVER FUNDS  

Division 2 - Authority to operate an eligible rollover fund  

Subdivision D - Trustee obligations relating to eligible rollover funds  

SECTION 242M   CONTRAVENTION OF SECTION 242K OR 242L  

242M(1)  
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.




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