Funeral Benefit Business Regulation 2010
sec.37Particular duties of part 4 corporation
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sec.37 Particular duties of part 4 corporation
This section applies if a part 4 corporation— stops being registered under the Act to conduct a funeral benefit business; or stops conducting a funeral benefit business. The corporation must within 2 months after stopping— ensure that its trust account is audited by an auditor— if an audit has been performed—for the period from the day when its trust account was last audited to the day of it stopping; or if no audit has been performed—for the period from the day when it started to conduct a funeral benefit business to the day of it stopping; and obtain from the auditor a report of the audit; and send the report to the registrar. Maximum penalty—1 penalty unit. (sec.37-ssec.1) This section applies if a part 4 corporation— stops being registered under the Act to conduct a funeral benefit business; or stops conducting a funeral benefit business. (sec.37-ssec.2) The corporation must within 2 months after stopping— ensure that its trust account is audited by an auditor— if an audit has been performed—for the period from the day when its trust account was last audited to the day of it stopping; or if no audit has been performed—for the period from the day when it started to conduct a funeral benefit business to the day of it stopping; and obtain from the auditor a report of the audit; and send the report to the registrar. Maximum penalty—1 penalty unit.
- (a) stops being registered under the Act to conduct a funeral benefit business; or
- (b) stops conducting a funeral benefit business.
- (a) ensure that its trust account is audited by an auditor— (i) if an audit has been performed—for the period from the day when its trust account was last audited to the day of it stopping; or (ii) if no audit has been performed—for the period from the day when it started to conduct a funeral benefit business to the day of it stopping; and
- (i) if an audit has been performed—for the period from the day when its trust account was last audited to the day of it stopping; or
- (ii) if no audit has been performed—for the period from the day when it started to conduct a funeral benefit business to the day of it stopping; and
- (b) obtain from the auditor a report of the audit; and
- (c) send the report to the registrar.
- (i) if an audit has been performed—for the period from the day when its trust account was last audited to the day of it stopping; or
- (ii) if no audit has been performed—for the period from the day when it started to conduct a funeral benefit business to the day of it stopping; and