Superannuation Industry (Supervision) Act 1993
If a person is appointed under this Part to act as trustee of a superannuation entity, the person must, as soon as practicable, give each beneficiary a notice about the appointment. 140(2)
The notice is to be in the approved form.
A person who, without reasonable excuse, contravenes this section commits an offence punishable on conviction by a fine not exceeding 50 penalty units. 140(3A)
Subsection (3) is an offence of strict liability.
Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.
For strict liability , see section 6.1 of the Criminal Code .
A contravention of subsection (1) does not affect the validity of the appointment.
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