Superannuation (Unclaimed Money and Lost Members) Act 1999
If paragraphs 14(a), (b) and (c) are satisfied in relation to a member of a fund, the superannuation provider must make reasonable efforts to ensure that the person entitled to receive the benefit does receive the benefit. 15(2) Offence.
A superannuation provider commits an offence if the superannuation provider fails to comply with the obligation set out in subsection (1).
Penalty for contravention of this subsection: 100 penalty units.
Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.
See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.
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