Retirement Savings Accounts Act 1997
154Incorrectly keeping or making records
Start here
Get a plain-English read of 154
Turn the raw legal text into a practical explanation grounded in Retirement Savings Accounts Act 1997.
154 Incorrectly keeping or making records
(1) If: (a) a person is required under this Act or the regulations to keep any records; and (b) the person keeps those records in such a way that they do not correctly record and explain the matters, transactions, acts or operations to which they relate; the person commits an offence punishable on conviction by imprisonment for not longer than 12 months.
Note: Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.
(2) If: (a) a person is required under this Act or the regulations to make a record of any matter, transaction, act or operation; and (b) the person makes such a record in such a way that it does not correctly record the matter, transaction, act or operation; the person commits an offence punishable on conviction by imprisonment for not longer than 12 months.
Note: Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.