BUILDING ACT 2004 - SECT 100 Approval of scheme may be conditional
BUILDING ACT 2004 - SECT 100
Approval of scheme may be conditional(1) The approval of a fidelity fund scheme may be given subject to conditions.
(2) A condition may be expressed to have effect despite anything in the prudential standards.
(3) The trustees of an approved scheme each commit an offence if the trustees fail to ensure that the scheme complies with the conditions of the scheme's approval.
Maximum penalty: 60 penalty units.
(4) An offence against this section is a strict liability offence.