Retirement Savings Accounts Act 1997

PART 15 - EXEMPTIONS AND MODIFICATIONS  

SECTION 176   ENFORCEMENT OF CONDITIONS TO WHICH EXEMPTION IS SUBJECT  

176(1)   [Offence]  

A person must not, without reasonable excuse, contravene a condition of an exemption under this Part.

Penalty: 5 penalty units.

176(1A)   [Strict liability]  

Subsection (1) is an offence of strict liability.

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 .

176(2)   [Court may order compliance]  

If a person has contravened a condition of an exemption under this Part, the Court may, on the application of the Regulator, order the person to comply with the condition.