Commonwealth Consolidated Acts

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 242P

  (1)   A person commits an offence if:

  (a)   the person makes a representation; and

  (b)   the representation is that a regulated superannuation fund is an eligible rollover fund; and

  (c)   the RSE licensee for the fund does not have authority to operate the fund as an eligible rollover fund.

Penalty:   60 penalty units.

Note:   Chapter   2 of the Criminal Code sets out the general principles of criminal responsibility and Part   IA of the Crimes Act 1914 contains provisions dealing with penalties.

  (2)   Subsection   (1) is an offence of strict liability.

Note:   For strict liability, see section   6.1 of the Criminal Code .