SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 125 Individuals not to be investment managers of superannuation entities
SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 125
Individuals not to be investment managers of superannuation entitiesA person must not intentionally be, or act as, an investment manager of a superannuation entity (other than a self managed superannuation fund) if the person is not a body corporate.
Penalty: Imprisonment for 2 years.