Document ID: chunk:federal_register_of_legislation:C2004A01287:clause:1_29pe
Version: federal_register_of_legislation:C2004A01287
Segment Type: clause
Provision Reference: sch 1 cl 29PE
Character Range: 84866–86564

29PE  APRA to be given information

 (1) APRA may give an RSE licensee of a registrable superannuation entity that has been registered under this Part a notice requesting the RSE licensee to give APRA, in a specified way, specified information relating to the risk management plan for the entity by a specified time that is reasonable in the circumstances.

 (2) A person commits an offence if:
 (a) the person is:
 (i) a body corporate that is an RSE licensee; or
 (ii) a member of a group of individual trustees that is an RSE licensee; and
 (b) there has been a failure by the RSE licensee to comply with the notice.

Penalty: 50 penalty units.

 (3) A person commits an offence if:
 (a) the person is:
 (i) a body corporate that is an RSE licensee; or
 (ii) a member of a group of individual trustees that is an RSE licensee; and
 (b) there has been a failure by the RSE licensee to comply with the notice.
This is an offence of strict liability.

Penalty: 25 penalty units.

Note 1: For strict liability, see section 6.1 of the Criminal Code.

Note 2: Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility and Part IA of the Crimes Act 1914 contains provisions dealing with penalties.

Note 3: Sections 137.1 and 137.2 of the Criminal Code also create offences for providing false or misleading information or documents.

 (4) Subsection (2) or (3) does not apply if the RSE licensee has a reasonable excuse for the failure to comply with the notice under subsection (1).

Note: A defendant bears an evidential burden in relation to the matter in subsection (4) (see subsection 13.3(3) of the Criminal Code).

Division 6—Offences and self‑incrimination