Document ID: chunk:federal_register_of_legislation:C2025C00134:section:123:p2
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 123 (pt 2/2)
Character Range: 605485–606499

or the trustees, must make arrangements for the orderly dismissal of the custodian; and
 (c) the trustee, or the trustees, must make those arrangements before the end of:
 (i) the 28‑day period beginning at whichever is the later of the following times:
 (A) the time when paragraph (1)(b) ceased to apply to the custodian;
 (B) the beginning of the entity's 1994‑95 year of income; or
 (ii) such longer period as APRA allows.
 (4) A person who contravenes subsection (3) because of paragraph (a) of that subsection commits an offence punishable on conviction by a fine not exceeding 50 penalty units.
 (5) A person who contravenes subsection (3) because of paragraph (b) or (c) of that subsection commits an offence punishable on conviction by a fine not exceeding 100 penalty units.
 (6) Subsections (4) and (5) are offences 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.