SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 260 Deadline for receipt of report

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 260

  (1)   APRA's notice under section   257 must specify a date as the deadline for the receipt of the report.

  (2)   A person appointed to investigate and make a report under subsection   257(1) (whether as an individual or as a member of a committee) commits an offence if the report is not given to APRA:

  (a)   before the expiry of the deadline; or

  (b)   within such further time as APRA, by written notice, allows.

Penalty:   100 penalty units.

  (3)   A person appointed to investigate and make a report under subsection   257(1) (whether as an individual or as a member of a committee) commits an offence if the report is not given to APRA:

  (a)   before the expiry of the deadline; or

  (b)   within such further time as APRA, by written notice, allows.

This is an offence of strict liability.

Penalty:   50 penalty units.

Note 1:   Chapter   2 of the Criminal Code sets out the general principles of criminal responsibility.

Note 2:   For strict liability , see section   6.1 of the Criminal Code .