Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

RETIREMENT SAVINGS ACCOUNTS ACT 1997 - SECT 176

Enforcement of conditions to which exemption is subject

  (1)   A person must not, without reasonable excuse, contravene a condition of an exemption under this Part.

Penalty:   5 penalty units.

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

Note 1:   Chapter   2 of the Criminal Code sets out the general principles of criminal responsibility.

Note 2:   For strict liability , see section   6.1 of the Criminal Code .

  (2)   If a person has contravened a condition of an exemption under this Part, the Court may, on the application of the Regulator, order the person to comply with the condition.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback