Commonwealth Consolidated Acts

RETIREMENT SAVINGS ACCOUNTS ACT 1997 - SECT 44

Lodgment

  (1)   An RSA provider must, within the prescribed period after each year of income, give to APRA:

  (c)   a copy of the report given to the RSA provider by an approved auditor under Part   6 in relation to the RSA provider in respect of that year of income, certified to be a true copy of the report by a responsible officer of the RSA provider.

Note:   The Financial Sector (Collection of Data) Act 2001 makes provision for annual returns and other financial documents to be given by RSA providers to APRA.

Offence

  (2)   A person who intentionally or recklessly contravenes subsection   (1) commits an offence punishable on conviction by a fine not exceeding 50 penalty units.

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

Endorsement of report on return

  (4)   If the return given under the Financial Sector (Collection of Data) Act 2001 is not given on a data processing device, or by way of electronic transmission, the report referred to in subsection   (1) may be endorsed on the return.