Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A financial services licensee commits an offence if:
(a) the licensee is required by subsection 981B(1) to pay particular money into an account in accordance with that subsection; and
(b) the licensee does not pay the money into an account in accordance with that subsection.
(2) An offence based on subsection (1) is an offence of strict liability.
Note: For strict liability , see section 6.1 of the Criminal Code .
Ordinary offence
(3) A financial services licensee commits an offence if:
(a) the licensee is required by subsection 981B(1) to pay particular money into an account in accordance with that subsection; and
(b) the licensee does not pay the money into an account in
accordance with that subsection.