Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) An investment manager of a superannuation entity must not appoint or engage a custodian of the entity without the written consent of the trustee, or the trustees, of the entity.
(2) The investment manager commits an offence if the investment manager contravenes subsection (1). This 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 .