SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 No. 78, 1993 - SECT 369 What happens if existing management company fails to give a notice under subsection 364(2) or (3)

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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 No. 78, 1993 - SECT 369

What happens if existing management company fails to give a notice under subsection 364(2) or (3)

369.(1) If the existing management company fails to take action as required by
subsection 364(1), the existing management company is taken to have given the
Commissioner a notice under subsection 364(3).

(2) Subsection (1) does not have effect for the purposes of a prosecution for
an offence against subsection 364(4).

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