Retirement Savings Accounts Act 1997

PART 5 - DUTIES ETC. OF RSA PROVIDERS AND EMPLOYERS  

Division 2 - Duties of RSA providers  

SECTION 49   DUTY TO KEEP REPORTS  

49(1)    
An RSA provider must:

(a) keep, and retain so long as they are relevant and in any event for at least 10 years, copies of reports that were given in the same form (apart from differences relating to the names and addresses of the persons to whom the notices were given) to all RSA holders, or to all holders included in a particular class of holders, if the reports were given under this Act or under terms and conditions of the RSA; and

(b) make those copies available for inspection by a member of the staff of the Regulator if requested to do so by a member of that staff.

49(2)    

A person who intentionally or recklessly contravenes subsection (1) commits an offence punishable on conviction by a fine not exceeding 50 penalty units.

Note:

Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.