Document ID: chunk:federal_register_of_legislation:C2025C00185:section:601ed:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 601ED (pt 2/2)
Character Range: 2266639–2267278

contravene subsection (5) because an interest in a scheme is held in trust for 2 or more beneficiaries (see paragraph (4)(b)) does not contravene that subsection if they prove that they did not know, and had no reason to suspect, that the interest was held in that way.
Note: In criminal proceedings, a defendant in the prosecution of an offence under subsection (5) bears an evidential burden in relation to the matter in subsection (7). See subsection 13.3(3) of the Criminal Code.
 (8) A person contravenes this subsection if the person contravenes subsection (5).
Note: This subsection is a civil penalty provision (see section 1317E).