Superannuation (Unclaimed Money and Lost Members) Act 1999
Div 1 heading inserted by No 27 of 2009 , s 3 and Sch 2 item 9, effective 27 March 2009.
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.
S 15(2) amended by No 61 of 2016, s 3 and Sch 2 item 100, by substituting " Penalty for contravention of this subsection " for " Maximum penalty " in the penalty, effective 21 October 2016.
S 15(2) amended by No 4 of 2016, s 3 and Sch 4 items 1 and 301, by substituting " commits " for " is guilty of " , effective 10 March 2016.
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