Superannuation Industry (Supervision) Act 1993
A person must not contravene any other covenant contained, or taken to be contained, in the governing rules of a superannuation entity. 54C(2)
A contravention of subsection (1) is not an offence. 54C(3)
A contravention of subsection (1) does not result in the invalidity of a transaction. 54C(4)
This section does not limit the operation of section 55 .
A contravention of subsection (1) may result in an action to recover loss or damage under section 55 .
S 54C inserted by No 40 of 2019, s 3 and Sch 3 item 1, applicable in relation to contraventions occurring on or after 6 April 2019.
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