Superannuation Industry (Supervision) Act 1993
APRA or the Commissioner of Taxation may give a written notice under this section to a trustee of a regulated superannuation fund if APRA or the Commissioner of Taxation, as the case requires, considers that the fund has no more than 6 members.
The notice may require each trustee of the fund, within a specified period (which must not be shorter than 21 days), to ensure that APRA or the Commissioner of Taxation is informed:(a) (b) (c)
A person who contravenes subsection (2) commits an offence punishable on conviction by a fine not exceeding 50 penalty units.252A(4) Strict liability.
An offence under subsection (3) is an offence of strict liability.
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