NOTICE OF CONFIRMATION OF DISQUALIFICATION – Wayne Banks - 23 July 2024

Superannuation Industry (Supervision) Act 1993

To:

Wayne Banks

SYDNEY NSW 2001

I, Andrew Orme, a delegate of the Commissioner of Taxation, give you notice as required by subsection 344(6) of the Superannuation Industry (Supervision) Act 1993 (SISA), that I have made a decision under subsection 344(4) of the SISA to confirm the disqualification notice issued to you on 7 November 2023.

The disqualification takes effect on the day on which it is made.

Dated: 23 July 2024

Andrew Orme

Deputy Commissioner of Taxation

Per Manisha Karre

Note 1:

Under subsection 126A(7) of the SISA, details of this disqualification notice will be published as a Notifiable Instrument in the Federal Register of Legislation.

Note 2:

Under section 126K of the SISA, it is an offence for a disqualified person, who knows that he or she is a disqualified person, to be, or act as a:

›    trustee, investment manager or custodian of a superannuation entity

›    responsible officer or a body corporate that is a trustee, investment manager or custodian, of a superannuation entity

The maximum penalty for committing this offence is two years jail.

Note 3:

Under subsection 126A(5) of the SISA, we may revoke this disqualification on our own initiative or on your written application.