Commonwealth Consolidated Acts

RETIREMENT SAVINGS ACCOUNTS ACT 1997 - SECT 45R

  (1)   The following matters may be prescribed by regulation:

  (a)   information that is required to be given to the Commissioner of Taxation in accordance with this section in relation to prescribed RSAs;

  (b)   the manner and form (including electronic form) in which the prescribed information is to be provided;

  (c)   the time at which, or period within which, the prescribed information is to be provided.

  (2)   The RSA provider of a prescribed RSA must give the prescribed information in relation to the RSA to the Commissioner of Taxation in accordance with the regulation.

Contravening requirement to give information

  (3)   A person commits an offence of strict liability if the person contravenes subsection   (2).

Penalty:   25 penalty units.

Note:   For offences of strict liability, see subsection   6.1(1) of the Criminal Code .