Document ID: chunk:federal_register_of_legislation:C2025C00134:section:140
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 140
Character Range: 782152–782914

140  Acting trustee to notify appointment to beneficiaries
 (1) If a person is appointed under this Part to act as trustee of a superannuation entity, the person must, as soon as practicable, give each beneficiary a notice about the appointment.
 (2) The notice is to be in the approved form.
 (3) A person who, without reasonable excuse, contravenes this section commits an offence punishable on conviction by a fine not exceeding 50 penalty units.
 (3A) Subsection (3) 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.
 (4) A contravention of subsection (1) does not affect the validity of the appointment.