100Repayment fund to be established for purpose of refund of contributions

#### 100 Repayment fund to be established for purpose of refund of contributions 100 Repayment fund to be established for purpose of refund of contributions > > (1) The Secretary shall establish a repayment fund in respect of each existing funeral contribution fund as soon as practicable after the prescribed day in relation to that existing fund. > > > (2) There shall be paid into a repayment fund established under subsection (1) in respect of an existing funeral contribution fund the amount required by section 101 to be paid by the existing fund as the appropriate refund of contributions and there shall be paid out of that repayment fund such amounts as are required by section 102 to be distributed among contributors. > > > (3) A repayment fund established under subsection (1) shall be under the direction, control and management of the Secretary. > > > (4) All money to the credit of a repayment fund established under subsection (1) shall be paid by the Secretary into an account in a bank, building society or credit union in New South Wales. > > > (5) Full and accurate accounts shall be kept by the Secretary in respect of a repayment fund established under subsection (1). > > **s 100:** Am 1996 No 24, Sch 1.