Commonwealth Consolidated Acts

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 131BA

  (1)   A person commits an offence if:

  (a)   the person is a firm; and

  (b)   the firm is disqualified under section   130EA; and

  (c)   the firm represents that a member or employee of the firm is eligible to be an RSE auditor.

Penalty:   50 penalty units .

  (2)   A person commits an offence if:

  (a)   the person is a company; and

  (b)   the company is disqualified under section   130EA; and

  (c)   the company represents that a director or employee of the company is eligible to be an RSE auditor.

Penalty:   250 penalty units.

  (3)   Subsections   (1) and (2) are offences of strict liability.

Note:   See also sections   131CC and 131CD.