Document ID: chunk:federal_register_of_legislation:C2022C00273:section:15
Version: federal_register_of_legislation:C2022C00273
Segment Type: section
Provision Reference: s 15
Character Range: 33685–34423

15  Superannuation provider must make reasonable efforts to ensure that the person receives the benefit
 (1) If paragraphs 14(a), (b) and (c) are satisfied in relation to a member of a fund, the superannuation provider must make reasonable efforts to ensure that the person entitled to receive the benefit does receive the benefit.

Offence
 (2) A superannuation provider commits an offence if the superannuation provider fails to comply with the obligation set out in subsection (1).
Penalty for contravention of this subsection: 100 penalty units.
Note 1: Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.
Note 2: See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.