Document ID: chunk:federal_register_of_legislation:C2025C00134:section:34m
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 34M
Character Range: 287077–288026

34M  Compliance requirement—trustees of eligible superannuation entities
 (1) Each trustee of an eligible superannuation entity must ensure that payments and information relating to a member of the eligible superannuation entity, or a person for whose benefit a contribution to the eligible superannuation entity is to be made, are dealt with in a manner that complies with any applicable:
 (a) regulations made under this Part; and
 (b) superannuation data and payment standards.
Note: Section 288‑110 in Schedule 1 to the Taxation Administration Act 1953 provides an administrative penalty for contravention of this subsection.

Strict liability offence
 (2) A person commits an offence of strict liability if the person contravenes subsection (1).
Penalty: 20 penalty units.
Note: For offences of strict liability, see subsection 6.1(1) of the Criminal Code.
 (3) A contravention of subsection (1) does not affect the validity of a transaction.