Superannuation Industry (Supervision) Act 1993

PART 30 - MISCELLANEOUS  

SECTION 338A   338A   LIABILITY OF TRUSTEES REQUIRED TO ENSURE THING OCCURS  


A person who is a member of a group of individual trustees is not liable under any offence of strict liability or civil penalty provision of this Act or the regulations in respect of any contravention resulting from a failure by the person to ensure that a particular thing occurs if the person proves that he or she:


(a) made all inquiries (if any) that were reasonable in the circumstances; and


(b) after doing so, believed on reasonable grounds that his or her obligations were being complied with.

Note:

In a prosecution for an offence of strict liability against a provision of this Act or the regulations, a defendant bears a legal burden in relation to the matters in this section (see section 13.4 of the Criminal Code ).


 

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