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Retirement Savings Accounts Act 1997
176Enforcement of conditions to which exemption is subject
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#### 176 Enforcement of conditions to which exemption is subject
(1) A person must not, without reasonable excuse, contravene a condition of an exemption under this Part.
Penalty: 5 penalty units.
(1A) Subsection (1) 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.
(2) If a person has contravened a condition of an exemption under this Part, the Court may, on the application of the Regulator, order the person to comply with the condition.