MPF exam MPF Trustees question: approved trustee convicted on indictment of an offence under the MPF legislation

Answer: D. $5,000,000 and 7 years

Answer: $5,000,000 and 7 years. An approved trustee convicted of an offence is liable to a fine of up to $5,000,000 and imprisonment for up to 7 years, plus $100,000 for each day a continuing offence continues.Why not the others:• $200,000 and 6 months: these are far below the stated maximum.• $1,000,000 and 2 years: the stated maximum fine is $5,000,000.• $2,000,000 and 5 years: the stated maximum is $5,000,000 and 7 years.Watch out: These are the penalties on indictment, for example under s 21BA(2); summary conviction carries lower penalties.Rule: $5m + 7 years, and $100,000 a day if continuing.Source: MPF Study Notes, Tenth Edition (June 2026), 4.8(b); Cap. 485 (MPFSO) s 21BA(2) (version 5 Oct 2026)