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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 252A

APRA or Commissioner of Taxation may request certain information

Notice may be given

  (1)   APRA or the Commissioner of Taxation may give a written notice under this section to a trustee of a regulated superannuation fund if APRA or the Commissioner of Taxation, as the case requires, considers that the fund has no more than 6 members.

Information that may be requested

  (2)   The notice may require each trustee of the fund, within a specified period (which must not be shorter than 21 days), to ensure that APRA or the Commissioner of Taxation is informed:

  (a)   whether or not the fund was a self managed superannuation fund as at the date (the response date ) on which APRA or the Commissioner of Taxation was so informed; or

  (b)   if the fund was not a self managed superannuation fund as at the response date--whether the trustee, or the trustees, of the fund consider that the fund is likely to become a self managed superannuation fund within the period specified in the notice; and

  (c)   if the fund was a self managed superannuation fund as at the response date--whether the trustee, or the trustees, of the fund consider that the fund is likely to cease to be a self managed superannuation fund within the period specified in the notice.

Offence

  (3)   A person who contravenes subsection   (2) commits an offence punishable on conviction by a fine not exceeding 50 penalty units.

Strict liability

  (4)   An offence under subsection   (3) is an offence of strict liability.


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