Document ID: chunk:federal_register_of_legislation:C2025C00134:section:104
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 104
Character Range: 576788–577585

104  Duty to keep records of changes of trustees
 (1) Each trustee of a superannuation entity must ensure that up‑to‑date records of:
 (a) all changes of trustees of the entity; and
 (b) all changes of directors of any corporate trustee of the entity; and
 (c) all consents given under section 118;
are kept and retained for at least 10 years.
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.
Penalty: 50 penalty units.
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.