SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 306 Incorrectly keeping or making records etc.

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 306

  (1)   If:

  (a)   a person is required under this Act, the regulations or the prudential standards to keep any accounts, accounting records or other records; and

  (b)   the person keeps those accounts or records in such a way that they do not correctly record and explain the matters, transactions, acts or operations to which they relate;

the person commits an offence punishable on conviction by imprisonment for not longer than 12 months.

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

  (2)   If:

  (a)   a person is required under this Act, the regulations or the prudential standards to make a record of any matter, transaction, act or operation; and

  (b)   the person makes such a record in such a way that it does not correctly record the matter, transaction, act or operation;

the person commits an offence punishable on conviction by imprisonment for not longer than 12 months.

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