S 29 repealed by No 53 of 2004, s 3 and Sch 1 item 71, effective 1 July 2006. S 29 formerly read:
SECTION 29 NOTIFICATION OF CHANGE IN CIRCUMSTANCES OR BREACH OF CONDITIONS
29(1)
An approved trustee must, as soon as practicable, and in any event within 30 days, after becoming aware of an event referred to in subsection (2), give APRA a written notice setting out particulars of the event.
History
S 29(1) amended by No 54 of 1998.
29(2)
These are the events:
(a)
a contravention of a condition to which the approval of the trustee is subject;
(b)
if subparagraph
26(1)(b)(i)
is designated as the subparagraph on the basis of which the trustee is approved
-
that subparagraph ceasing to apply to the trustee;
(c)
if subparagraph
26(1)(b)(ii)
is designated as the subparagraph on the basis of which the trustee is approved
-
that subparagraph ceasing to apply to the trustee;
(ca)
if subparagraph
26(1)(b)(iia)
is designated as the subparagraph on the basis of which the trustee is approved
-
that subparagraph ceasing to apply to the trustee;
(d)
if subparagraph
26(1)(b)(iii)
is designated as the subparagraph on the basis of which the trustee is approved
-
the trustee failing to comply with a requirement of APRA under that subparagraph.
History
S 29(2) amended by No 54 of 1998, No 169 of 1995 and No 144 of 1995.
29(3)
An approved trustee must not, without reasonable excuse, contravene subsection (1).
Penalty: 250 penalty units.
29(4)
Subsection (3) 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
.
History
S 29(4) inserted by No 160 of 2000, s 3 and Sch 3 item 78, effective 18 January 2001.
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