Superannuation Industry (Supervision) Act 1993




Each trustee of a regulated superannuation fund or of an approved deposit fund must ensure that:

(a) copies of all member or beneficiary reports are kept, and retained so long as they are relevant and in any event for at least 10 years; and

(b) those copies are made available for inspection by a member of the staff of the Regulator if requested to do so by a member of that staff.


Section 166 imposes an administrative penalty for a contravention of subsection (1) in relation to a self managed superannuation fund.


A trustee commits an offence if the trustee contravenes subsection (1). 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 .


In this section:

member or beneficiary report
means a report:

(a) given under this Act, the Superannuation (Self Managed Superannuation Funds) Taxation Act 1987 or the governing rules; and

(b) given in the same form (apart from differences relating to the names and addresses of the persons to whom the notices were given):

(i) in the case of a regulated superannuation fund - to all members of the fund, or to all members included in a particular class of members; or

(ii) in the case of an approved deposit fund - to all beneficiaries in the fund, or to all beneficiaries included in a particular class of beneficiaries.


Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.