Superannuation Industry (Supervision) Act 1993

PART 16 - ACTUARIES AND AUDITORS OF SUPERANNUATION ENTITIES

Division 4 - Offences and failure to carry out duties etc.

SECTION 131BA MISLEADING REPRESENTATIONS BY DISQUALIFIED FIRM OR COMPANY

131BA(1)
A person commits an offence if:

(a) the person is a firm; and

(b) the firm is disqualified under section 130EA ; and

(c) the firm represents that a member or employee of the firm is eligible to be an RSE auditor.

Penalty: 50 penalty units.

131BA(2)
A person commits an offence if:

(a) the person is a company; and

(b) the company is disqualified under section 130EA ; and

(c) the company represents that a director or employee of the company is eligible to be an RSE auditor.

Penalty: 250 penalty units.

131BA(3)
Subsections (1) and (2) are offences of strict liability.