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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 No. 78, 1993 - SECT 120
Disqualified persons Individuals
120.(1) For the purposes of this Part, an individual is a disqualified person
if:
(a) at any time (including a time before the commencement of this
section):
(i) the individual was convicted of an offence against or arising
out of a law of the Commonwealth, a State, a Territory or a
foreign country, being an offence in respect of dishonest
conduct; or
(ii) a civil penalty order was made in relation to the person; or
(b) the person is an insolvent under administration. Bodies corporate
(2) For the purposes of this Part, a body corporate is a disqualified person
if:
(a) both:
(i) a responsible officer of the body is a disqualified person; and
(ii) the responsible officer was a disqualified person at all times
during the immediately preceding period of 28 days; or
(b) a receiver, or a receiver and manager, has been appointed in respect
of property beneficially owned by the body; or
(c) an official manager or deputy official manager has been appointed in
respect of the body; or
(d) a provisional liquidator has been appointed in respect of the body; or
(e) the body has begun to be wound up. Convictions
(3) A reference in this section to a person who has been convicted of an
offence includes a reference to a person in respect of whom an order has been
made under section 19B of the Crimes Act 1914, or under a corresponding
provision of a law of a State, a Territory or a foreign country, in relation
to the offence. Law on spent convictions does not apply
(4) Division 3 of Part VIIC of the Crimes Act 1914 does not apply in relation
to the disclosure of information about a conviction of the kind mentioned in
paragraph (1)(a), if the disclosure is for the purposes of this Part.
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