SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 157 Object of this Part

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 157

    The object of this Part   is to provide administrative consequences for contraventions of this Act or the regulations that relate to self managed superannuation funds. This Part:

  (a)   allows the Regulator to give rectification directions and education directions; and

  (b)   imposes administrative penalties for certain contraventions.