Notice of other events
35-5 Notice of other events
Registered trustee must lodge notice
A registered trustee must lodge with the Inspector‑General a notice, in the approved form, if any of the following events occur:
information included in an annual trustee return, or in an annual administration return, prepared by or on behalf of the trustee is or becomes inaccurate in a material particular;
any other event prescribed.
The notice must be lodged within 10 business days after the registered trustee could reasonably be expected to be aware that the event has occurred.
Offence
A person commits an offence if:
the person is subject to a requirement under subsection (1); and
the person intentionally or recklessly fails to comply with the requirement.
Penalty: 5 penalty units.
See also section 277B (about infringement notices).
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