Funeral Funds Act 1979
121Directions relating to existing pre-paid contracts
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121 Directions relating to existing pre-paid contracts
121 Directions relating to existing pre-paid contracts
(1) The Secretary shall, as soon as practicable after the prescribed day in relation to a person to whom this Division applies by notice in writing served on that person, give such directions in respect of existing pre-paid contracts entered into by that person as the Secretary considers necessary and desirable to ensure performance of those contracts.
(2) The Secretary shall not give any directions to a person under subsection (1) until the Secretary has given the person an opportunity to submit a scheme to the Secretary, within such time as the Secretary may determine, in relation to the existing pre-paid contracts entered into by the person.
(3) The Secretary shall in exercising the powers under subsection (1) have regard to any scheme submitted by the person concerned.