The Guides to Social Policy Law is a collection of publications designed to assist decision makers administering social policy law. The information contained in this publication is intended only as a guide to relevant legislation/policy. The information is accurate as at the date listed at the bottom of the page, but may be subject to change. To discuss individual circumstances please contact Services Australia.

9.3.2 PPLSC offences & penalties

PPLSC offences table

The following table outlines the offences related to a PPLSC and the penalties for those offences.

OffencePenaltyPPLAct reference
A trustee (1.1.T.100) or provider (1.1.P.275) fails to provide the Commissioner of Taxation (Commissioner) (1.1.C.125) with a statement in the approved form at the time a superannuation contribution is repaid.50 penalty unitssection 115G(3) Offence
A trustee or provider fails to provide the Commissioner with a statement in the approved form at the time an underpaid amount (1.1.U.05) is repaid.50 penalty unitssection 115L(3) Offence
A superannuation provider (1.1.S.98) fails to keep records that record and explain all transactions and other acts the provider engages in, or is required to engage in.30 penalty unitssection 115S(1) Superannuation provider to keep records
A superannuation provider does not keep records in writing in the English language or readily accessible and convertible into writing in the English language.30 penalty unitssection 115S(2) How records to be kept
A superannuation provider fails to retain any record kept or obtained for at least 5 years after they were prepared or obtained, or until associated transactions or acts to which those records relate have been completed (whichever is later).30 penalty unitssection 115S(3) Period for retention of records

Act reference: Crimes Act 1914 section 4AA Penalty units

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