Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007 (154 of 2007)

Schedule 1   Streamlining prudential regulation

Part 1   Amendments commencing on Royal Assent

Superannuation Industry (Supervision) Act 1993

143   After section 29JC

Insert:

29JCA False representation about status as RSE licensee

(1) A person commits an offence if:

(a) the person makes a representation; and

(b) the representation is that the person is, or is a member of a group that is, an RSE licensee; and

(c) the representation is false.

Penalty: 60 penalty units.

(2) Strict liability applies to subsection (1).

Note: For strict liability , see section 6.1 of the Criminal Code.