Document ID: chunk:federal_register_of_legislation:C2025C00134:section:141
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 141
Character Range: 782914–783581

141  The Regulator may give directions to acting trustee
 (1) If a person is appointed under this Part to act as trustee of a superannuation entity, the Regulator may give a written notice to the person directing the person to do, or not to do, one or more specified acts or things in relation to the superannuation entity.
 (2) A person must not intentionally or recklessly contravene a direction under subsection (1).
Penalty: 100 penalty units.
Note: Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.
 (3) This section does not affect the validity of a transaction entered into by a person in contravention of the notice.