262
CurrentTrustee must comply with requirements
Volume 2Parts 16 to 32 (sections 128 to 383), Endnotes
Part 25Monitoring and investigation
Division 3APRA may require trustee of superannuation entity to appoint an individual, or a committee, to investigate the financial position of the entity
262 Trustee must comply with requirements
(1)
A trustee commits an offence if the trustee contravenes a requirement imposed on the trustee by or under section 257, 258 or 259.
Penalty: 100 penalty units.
(2)
A trustee commits an offence if the trustee contravenes a requirement imposed on the trustee by or under section 257, 258 or 259. This is an offence of strict liability.
Penalty: 50 penalty units.
Note 1:
Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.
Note 2:
For strict liability, see section 6.1 of the Criminal Code.
This Act’s bill:Second reading speech
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