Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A trustee of a superannuation entity must not make a non - written appointment of an investment manager of the entity.
Note: Section 166 imposes an administrative penalty for a contravention of subsection (1) in relation to a self managed superannuation fund.
(2) A trustee commits an offence if the trustee 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 .