Superannuation Industry (Supervision) Act 1993

PART 12 - DUTIES OF TRUSTEES AND INVESTMENT MANAGERS OF SUPERANNUATION ENTITIES

SECTION 104 DUTY TO KEEP RECORDS OF CHANGES OF TRUSTEES

104(1)

View history reference

Each trustee of a superannuation entity must ensure that up-to-date records of:

(a) all changes of trustees of the entity; and

(b) all changes of directors of any corporate trustee of the entity; and

(c) all consents given under section 118 ;

are kept and retained for at least 10 years.

Section 166 imposes an administrative penalty for a contravention of subsection (1) in relation to a self managed superannuation fund.

104(2)

View history reference

A trustee commits an offence if the trustee contravenes subsection (1). This is an offence of strict liability.

Penalty: 50 penalty units.

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

For strict liability , see section 6.1 of the Criminal Code .