SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

PART 2B - REGISTRABLE SUPERANNUATION ENTITIES  

Division 5 - RSE licensees must provide information about registrable superannuation entities  

Subdivision B - Other obligations in relation to information  

SECTION 29QB   CERTAIN INFORMATION REQUIRED TO BE MADE PUBLICLY AVAILABLE  

29QB(1)  
An RSE licensee of a registrable superannuation entity must ensure that the following is made publicly available, and kept up to date, at all times on the registrable superannuation entity ' s website:


(a) details of the remuneration of:


(i) if the RSE licensee is a body corporate - each executive officer in relation to the RSE licensee; and

(ii) if the RSE licensee is a group of individual trustees - each trustee of the registrable superannuation entity;
being details of a kind prescribed by the regulations;


(b) any other document or information prescribed by the regulations.

29QB(2)  
A person commits an offence if:


(a) the person is:


(i) a body corporate that is an RSE licensee; or

(ii) a member of a group of individual trustees that is an RSE licensee; and


(b) the RSE licensee contravenes subsection (1).

Penalty: 50 penalty units.

29QB(3)  
Subsection (2) is an offence of strict liability.

Note 1:

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

Note 2:

Chapter 2 of the Criminal Code sets out the general principles of criminal liability and Part IA of the Crimes Act 1914 contains provisions dealing with penalties.




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