Retirement Savings Accounts Act 1997
An RSA institution must, as soon as practicable, and in any event within 30 days, after becoming aware of a contravention of a condition to which the approval of the RSA institution is subject, give APRA a written notice setting out particulars of the contravention.
View history note
Hide history noteAn RSA institution must not, without reasonable excuse, contravene subsection (1).
Penalty: 250 penalty units.
35(3) [Strict liability]Subsection (2) 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 .
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