Document ID: chunk:federal_register_of_legislation:C2010C00224:clause:1_131c
Version: federal_register_of_legislation:C2010C00224
Segment Type: clause
Provision Reference: sch 1 cl 131C
Character Range: 76580–77941

131C  Disqualified persons not to be auditor or actuary of superannuation entities

 (1) A person commits an offence if:
 (a) the person is, or acts as, an auditor or actuary of a superannuation entity for the purposes of this Act; and
 (b) either:
 (i) for a person who is disqualified under section 130D—the person is disqualified from being or acting as an auditor or actuary (as the case requires) of that superannuation entity; or
 (ii) otherwise—the person is disqualified under section 131 from being or acting as an auditor or actuary (as the case requires); and
 (c) the person knows that he or she is so disqualified.

Penalty: Imprisonment for 2 years.

 (2) A person commits an offence if:
 (a) the person is, or acts as, an auditor or actuary of a superannuation entity for the purposes of this Act; and
 (b) either:
 (i) for a person who is disqualified under section 130D—the person is disqualified from being or acting as an auditor or actuary (as the case requires) of that superannuation entity; or
 (ii) otherwise—the person is disqualified under section 131 from being or acting as an auditor or actuary (as the case requires); and
 (c) the person knows that he or she is so disqualified.

Penalty: 60 penalty units.

 (3) Subsection (2) is an offence of strict liability.

Note: For strict liability, see section 6.1 of the Criminal Code.