Superannuation Industry (Supervision) Act 1993

SECTION 147 MISLEADING CONDUCT BY TRUSTEES OF ENTITIES - CIVIL LIABILITY  
147(1)
This section applies if the trustee of a superannuation entity is dealing with:

(a) a beneficiary of that entity as such a beneficiary; or

(b) an employer-sponsor, or an associate of an employer-sponsor, of that entity as such an employer-sponsor or associate.

147(2)
When so dealing with the beneficiary, employer-sponsor or associate, the trustee must not engage in conduct that is:

(a) misleading; or

(b) likely to mislead.

147(3)
A contravention of subsection (2) is not an offence, but it may give rise to civil liability under section 148.