110Existing fund to pay interest on borrowing by fund to which business is transferred in certain cases

#### 110 Existing fund to pay interest on borrowing by fund to which business is transferred in certain cases 110 Existing fund to pay interest on borrowing by fund to which business is transferred in certain cases > > (1) Where the Secretary is satisfied that— > > > > > (a) a funeral contribution fund to which the contributory funeral benefit business of an existing funeral contribution fund is transferred in accordance with this Division has borrowed money, and > > > > > (b) the borrowing is necessary to meet a deficiency caused by the fact that the appropriate transfer of contributions by that existing fund is being made by instalments under section 106 (3), > > > > the Secretary may, by notice in writing served on that existing fund, direct the existing fund to pay the funeral contribution fund the amount paid by that funeral contribution fund as interest on that borrowing. > > > (2) Any amount that the Secretary directs to be paid under subsection (1) may be recovered in a court of competent jurisdiction as a debt due by the existing funeral contribution fund on whom the direction is served to the funeral contribution fund to which the amount is required to be paid.