Retirement Savings Accounts Act 1997
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Hide history note(a) reduce the balance of an RSA that is an account by the crediting of any negative interest; or
(b) reduce the contributions or accumulated earnings of an RSA that is a policy by negative investment returns or any reduction in the value of assets in which the policy is invested.
Penalty: 100 penalty units.
42(2) [Strict liability]Subsection (1) 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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