Document ID: chunk:federal_register_of_legislation:C2025C00154:section:42
Version: federal_register_of_legislation:C2025C00154
Segment Type: section
Provision Reference: s 42
Character Range: 57952–58567

42  RSA provider not to breach capital guarantee
 (1) An RSA provider must not:
 (a) reduce the balance of an RSA that is an account by the crediting of any negative interest; or
 (b) reduce the contributions or accumulated earnings of an RSA that is a policy by negative investment returns or any reduction in the value of assets in which the policy is invested.
Penalty: 100 penalty units.
 (2) Subsection (1) 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.