68BPromotion of illegal early release schemes

#### 68B Promotion of illegal early release schemes (1) A person must not promote a scheme that has resulted, or is likely to result, in a payment being made from a regulated superannuation fund otherwise than in accordance with payment standards prescribed under subsection 31(1). (2) Subsection (1) is a civil penalty provision as defined by section 193, and Part 21 therefore provides for civil and criminal consequences of contravening, or being involved in a contravention of, that subsection. (3) In this section: > promote, in relation to a scheme, includes the following: (a) enter into the scheme; (b) induce another person to enter into the scheme; (c) carry out the scheme; (d) commence to carry out the scheme; (e) facilitate entry into, or the carrying out of, the scheme. > scheme means: (a) any agreement, arrangement, understanding, promise or undertaking: (i) whether express or implied; or (ii) whether or not enforceable, or intended to be enforceable, by legal proceedings; or (b) any scheme, plan, proposal, action, course of action or course of conduct, whether unilateral or otherwise.