Document ID: chunk:federal_register_of_legislation:C2025C00154:section:40
Version: federal_register_of_legislation:C2025C00154
Segment Type: section
Provision Reference: s 40
Character Range: 56360–56982

40  Interest off‑set arrangements etc. not permitted
 (1) An RSA provider must not enter into any interest off‑set arrangements or combination account arrangements where one of the accounts involved is an RSA.
Penalty: 100 penalty units.
 (1A) 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.
 (2) A contravention of subclause (1) does not affect the validity of a transaction to the extent that the transaction relates to an account other than an RSA.