Document ID: chunk:federal_register_of_legislation:C2015C00050:clause:1_109
Version: federal_register_of_legislation:C2015C00050
Segment Type: clause
Provision Reference: sch 1 cl 109
Character Range: 69405–70238

109  At the end of section 135
Add:
 (3) If:
 (a) a person (the former trustee) is suspended or removed as a trustee of a superannuation entity; and
 (b) a person is appointed under this Part to act as trustee of the superannuation entity; and
 (c) the acting trustee is required under the terms and conditions of his or her appointment to give information to APRA; and
 (d) the acting trustee gives the former trustee notice in writing of the requirement;
the former trustee must do all things reasonably practicable to assist the acting trustee to comply with the requirement.
 (4) The former trustee commits an offence of strict liability if the former trustee fails to comply with subsection (3).
Penalty for contravention of this subsection:  50 penalty units.
Note: For strict liability, see section 6.1 of the Criminal Code.