SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

PART 25 - MONITORING AND INVESTIGATION  

Division 3 - APRA may require trustee of superannuation entity to appoint an individual, or a committee, to investigate the financial position of the entity  

SECTION 262   TRUSTEE MUST COMPLY WITH REQUIREMENTS  

262(1)  


A trustee commits an offence if the trustee contravenes a requirement imposed on the trustee by or under section 257 , 258 or 259 .

Penalty: 100 penalty units.

262(2)  


A trustee commits an offence if the trustee contravenes a requirement imposed on the trustee by or under section 257 , 258 or 259 . This is an offence of strict liability.

Penalty: 50 penalty units.

Note 1:

Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.

Note 2:

For strict liability , see section 6.1 of the Criminal Code .




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