sec.80Application of Trust Accounts Act 1973

sec.80 Application of Trust Accounts Act 1973

If a payment is made by or on behalf of a contributor to an entity under a funeral benefit agreement— the entity is a trustee under the Trust Accounts Act 1973 ; and the payment is trust moneys within the meaning of the Trust Accounts Act 1973 . Subsection (1) (a) does not apply to— an authorised deposit-taking institution under the Banking Act 1959 (Cwlth) ; or a company registered under the Life Insurance Act 1995 (Cwlth) . See the Trust Accounts Act 1973 , section 4AA . s 80 ins 2003 No. 73 s 184 sub 2023 No. 23 s 83 (sec.80-ssec.1) If a payment is made by or on behalf of a contributor to an entity under a funeral benefit agreement— the entity is a trustee under the Trust Accounts Act 1973 ; and the payment is trust moneys within the meaning of the Trust Accounts Act 1973 . (sec.80-ssec.2) Subsection (1) (a) does not apply to— an authorised deposit-taking institution under the Banking Act 1959 (Cwlth) ; or a company registered under the Life Insurance Act 1995 (Cwlth) . See the Trust Accounts Act 1973 , section 4AA .

• (a) the entity is a trustee under the Trust Accounts Act 1973 ; and
• (b) the payment is trust moneys within the meaning of the Trust Accounts Act 1973 .
• (a) an authorised deposit-taking institution under the Banking Act 1959 (Cwlth) ; or
• (b) a company registered under the Life Insurance Act 1995 (Cwlth) .