Commonwealth Consolidated Acts

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Offence if a Cash Settlement Fact Sheet does not comply with certain requirements

             (1)  A financial services licensee, or an authorised representative of a financial services licensee, commits an offence if:

                     (a)  the licensee or representative gives (see subsection (3)) a person a Cash Settlement Fact Sheet in circumstances in which it is required by a provision of this Part to be given to the person; and

                     (b)  the Cash Settlement Fact Sheet does not comply with section 948E.

Note:          Failure to comply with this subsection is an offence (see subsection 1311(1)).

             (2)  For the purposes of an offence based on subsection (1), strict liability applies to paragraph (b) of that subsection.

             (3)  In this section, give means give by any means (including orally), and is not limited to the meaning it has because of section 940C.

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