Superannuation Industry (Supervision) Act 1993
PART 25
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MONITORING AND INVESTIGATION
Division 3
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APRA may require trustee of superannuation entity to appoint an individual, or a committee, to investigate the financial position of the entity
SECTION 262
TRUSTEE MUST COMPLY WITH REQUIREMENTS
262(1)
A trustee commits an offence if the trustee contravenes a requirement imposed on the trustee by or under section 257 , 258 or 259 .
262(2)
A trustee commits an offence if the trustee contravenes a requirement imposed on the trustee by or under section 257 , 258 or 259 . This is an offence of strict liability.
View history note
Hide history noteA trustee commits an offence if the trustee contravenes a requirement imposed on the trustee by or under section 257 , 258 or 259 .
Penalty: 100 penalty units.
262(2)
A trustee commits an offence if the trustee contravenes a requirement imposed on the trustee by or under section 257 , 258 or 259 . This is an offence of strict liability.
Penalty: 50 penalty units.
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 .
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