sec.25Trust account receipt book to be kept

sec.25 Trust account receipt book to be kept

A registered corporation must— keep a trust account receipt book at its registered office and every other place at which it conducts a funeral benefit business; and record in the trust account receipt book the receipt of contributions or other money payable under the Act into its trust account. Maximum penalty—1 penalty unit. The receipt forms in the trust account receipt book must be consecutively machine numbered. A registered corporation must give a receipt from the trust account receipt book immediately on the receipt of a contribution or other money payable under the Act into its trust account. Maximum penalty—1 penalty unit. When a registered corporation gives a receipt under subsection (3) , it must also make a copy of the receipt. Maximum penalty for subsection (4) —1 penalty unit. (sec.25-ssec.1) A registered corporation must— keep a trust account receipt book at its registered office and every other place at which it conducts a funeral benefit business; and record in the trust account receipt book the receipt of contributions or other money payable under the Act into its trust account. Maximum penalty—1 penalty unit. (sec.25-ssec.2) The receipt forms in the trust account receipt book must be consecutively machine numbered. (sec.25-ssec.3) A registered corporation must give a receipt from the trust account receipt book immediately on the receipt of a contribution or other money payable under the Act into its trust account. Maximum penalty—1 penalty unit. (sec.25-ssec.4) When a registered corporation gives a receipt under subsection (3) , it must also make a copy of the receipt. Maximum penalty for subsection (4) —1 penalty unit.

• (a) keep a trust account receipt book at its registered office and every other place at which it conducts a funeral benefit business; and
• (b) record in the trust account receipt book the receipt of contributions or other money payable under the Act into its trust account.