18BEstablishment and functions of governance committees

18B Establishment and functions of governance committees

(1) A Class A cemetery trust—

(a) must establish—

(i) a finance committee; and

(ii) an audit and risk committee; and

(b) may establish any other governance committee as it determines from time to time.

(2) A Class A cemetery trust must establish the governance committees referred to in subsection (1)(a) within 12 months of the Class A cemetery trust becoming a Class A cemetery trust.

(3) A governance committee—

(a) must consider any matters that are referred to it by the Class A cemetery trust; and

(b) may investigate and make any inquiries about any matter referred to it by the Class A cemetery trust; and

(c) must report back to the Class A cemetery trust as required by the cemetery trust; and

(d) must carry out any other functions conferred on a governance committee—

(i) under this Act or any other Act; or

(ii) by the Class A cemetery trust.

(4) Subsection (1)(a)(ii) does not apply to a Class A cemetery trust to which an exemption under the Financial Management Act 1994 with respect to governance committees applies.

S. 18C inserted by No. 61/2009 s. 21.