(1) A general insurer must, in accordance with the prudential standards, lodge with APRA:
(a) a section 49J certificate relating to the yearly statutory accounts for each financial year of the insurer; and
(aa) the reports referred to in section 49J; and
(b) the reports referred to in section 49K.
Penalty: 300 penalty units.
(1A) If an individual:
(a) commits an offence against subsection (1) because of Part 2.4 of the Criminal Code ; or
(b) commits an offence under Part 2.4 of the Criminal Code in relation to an offence against subsection (1);
he or she is punishable, on conviction, by a fine not exceeding 60 penalty units.
(2) An offence against this section is an offence of strict liability.
Note 1: For strict liability , see section 6.1 of the Criminal Code .
Note 2: Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.