Funeral Benefit Business Act 1982
sec.79Application of Trusts Act 1973
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sec.79 Application of Trusts Act 1973
This section applies to an entity other than— an authorised deposit-taking institution under the Banking Act 1959 (Cwlth) ; or a company registered under the Life Insurance Act 1995 (Cwlth) . The nominated Trusts Act provisions apply to payments made by a contributor to the entity under a funeral benefit agreement as if the entity were a trustee, and the payments were trust property, within the meaning of the Trusts Act 1973 . In this section— nominated Trusts Act provisions mean the following provisions of the Trusts Act 1973 — part 1 ; part 2 , other than sections 17 and 18 ; part 3 , other than sections 28 , 30 and 30A ; part 4 , other than sections 32 to 48 , 53 and 57 ; part 5 ; part 6 , other than sections 66 , 67 , 73 to 75 , and 78 ; part 7 , other than sections 84 , 86 to 89 , 93 and 95 ; part 9 , other than sections 110 , 112 and 113 . s 79 ins 2003 No. 73 s 184 amd 2023 No. 23 s 82 (sec.79-ssec.1) This section applies to an entity other than— an authorised deposit-taking institution under the Banking Act 1959 (Cwlth) ; or a company registered under the Life Insurance Act 1995 (Cwlth) . (sec.79-ssec.2) The nominated Trusts Act provisions apply to payments made by a contributor to the entity under a funeral benefit agreement as if the entity were a trustee, and the payments were trust property, within the meaning of the Trusts Act 1973 . (sec.79-ssec.3) In this section— nominated Trusts Act provisions mean the following provisions of the Trusts Act 1973 — part 1 ; part 2 , other than sections 17 and 18 ; part 3 , other than sections 28 , 30 and 30A ; part 4 , other than sections 32 to 48 , 53 and 57 ; part 5 ; part 6 , other than sections 66 , 67 , 73 to 75 , and 78 ; part 7 , other than sections 84 , 86 to 89 , 93 and 95 ; part 9 , other than sections 110 , 112 and 113 .
- (a) an authorised deposit-taking institution under the Banking Act 1959 (Cwlth) ; or
- (b) a company registered under the Life Insurance Act 1995 (Cwlth) .
- (a) part 1 ;
- (b) part 2 , other than sections 17 and 18 ;
- (c) part 3 , other than sections 28 , 30 and 30A ;
- (d) part 4 , other than sections 32 to 48 , 53 and 57 ;
- (e) part 5 ;
- (f) part 6 , other than sections 66 , 67 , 73 to 75 , and 78 ;
- (g) part 7 , other than sections 84 , 86 to 89 , 93 and 95 ;
- (h) part 9 , other than sections 110 , 112 and 113 .