Document ID: chunk:federal_register_of_legislation:C2025C00134:section:131aa:p2
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 131AA (pt 2/2)
Character Range: 728916–730143

any matter contained in the submission with any persons APRA considers appropriate for the purpose of assessing the truth of the matter.
 (6) A direction to end a person's appointment takes effect on the day specified in the direction, which must be at least 7 days after the direction is made.
 (6A) If APRA directs a trustee or trustees to end a person's appointment as an auditor of a registrable superannuation entity, APRA must:
 (a) notify ASIC of the direction; and
 (b) do so as soon as practicable after giving the direction.
 (7) If APRA directs a trustee or trustees to end a person's appointment, APRA must give the trustee or trustees and the person a copy of the direction.
 (8) A direction to end a person's appointment is not a legislative instrument.
 (9) A trustee commits an offence if:
 (a) the trustee does or fails to do an act; and
 (b) by doing or failing to do the act, the trustee fails to comply with a direction under this section.
Penalty: 60 penalty units.
 (10) Strict liability applies to subsection (9).
Note: For strict liability, see section 6.1 of the Criminal Code.

Firm
 (11) This section applies to a firm as if it were a person.

Division 4—Offences and failure to carry out duties etc.