Commonwealth Consolidated Acts

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 29JB

             (1)  An RSE licensee must comply with a direction given to it under section 29EB within the time specified in the direction.

             (2)  A person commits an offence if:

                     (a)  the person is:

                              (i)  a body corporate that is an RSE licensee; or

                             (ii)  a member of a group of individual trustees that is an RSE licensee; and

                     (b)  the RSE licensee is in breach of subsection (1).

Penalty:  60 penalty units.

             (3)  Subsection (2) is an offence of strict liability.

Note 1:       For strict liability , see section 6.1 of the Criminal Code .

Note 2:       Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility and Part IA of the Crimes Act 1914 contains provisions dealing with penalties.