Financial Sector Reform (Hayne Royal Commission Response) Act 2020 (135 of 2020)
Schedule 9 Adjustment of APRA and ASIC's roles in superannuation
Part 2 Adjustments relating to financial services
Australian Securities and Investments Commission Act 2001
30 At the end of subsection 12GBB(5)
Add:
; and (e) in the case of a contravention by the trustee of a registrable superannuation entity - the impact that the penalty under consideration would have on the beneficiaries of the entity.
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