Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The trustee of a public offer entity must comply with the requirements of the regulations in relation to the payment of commission or brokerage in respect of:
(a) an application for the issue of a superannuation interest in the entity; or
(b) an application to become a standard employer - sponsor of the entity.
(2) The trustee commits an offence if the trustee contravenes subsection (1).
(2A) The trustee commits an offence if the trustee contravenes subsection (1). This 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 .
(3) Requirements specified in regulations for the purposes of subsection (1) must relate to all or any of the following:
(a) the classes of persons to whom payments of commission or brokerage may be made;
(b) the situations in which payments of commission or brokerage may be made;
(c) the disclosure of information about payments of commission or brokerage;
(d) the keeping of records about payments of commission or brokerage.