Retirement Savings Accounts Act 1997

PART 12 - OFFENCES RELATING TO RECORDS ETC.  

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History

Part 12 heading substituted by No 137 of 2000, s 3 and Sch 2 item 360, effective 24 May 2001. For transitional provisions see note under s 145. The heading formerly read:

PART 12 - OFFENCES RELATING TO STATEMENTS, RECORDS ETC.

SECTION 154   INCORRECTLY KEEPING OR MAKING RECORDS  

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154(1)    

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If:

(a) a person is required under this Act or the regulations to keep any records; and

(b) the person keeps those records in such a way that they do not correctly record and explain the matters, transactions, acts or operations to which they relate;

the person commits an offence punishable on conviction by imprisonment for not longer than 12 months.

Note:

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

154(2)    

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If:

(a) a person is required under this Act or the regulations to make a record of any matter, transaction, act or operation; and

(b) the person makes such a record in such a way that it does not correctly record the matter, transaction, act or operation;

the person commits an offence punishable on conviction by imprisonment for not longer than 12 months.

Note:

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

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History

S 154 substituted by No 31 of 2001, s 3 and Sch 1 item 157, effective 15 December 2001. S 154 formerly read:

INTENTIONALLY OR RECKLESSLY INCORRECTLY KEEPING RECORDS ETC.  
154
If:

(a) a person who is required under this Act or the regulations to keep any records intentionally or recklessly keeps them in such a way that they do not correctly record and explain the matters, transactions, acts or operations to which they relate; or

(b) a person who is required under this Act or the regulations to make a record of any matter, transaction, act or operation, intentionally or recklessly makes it in such a way that it does not correctly record the matter, transaction, act or operation;

the person is guilty of an offence punishable on conviction by imprisonment for a term not exceeding 12 months.

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