122Transfer of subscriptions to pre-paid funeral fund

#### 122 Transfer of subscriptions to pre-paid funeral fund 122 Transfer of subscriptions to pre-paid funeral fund > > (1) The directions given under section 121 to a person to whom this Division applies shall include directions for the payment by the person to a pre-paid funeral fund of such amount as may be calculated by the Secretary in accordance with this section as the appropriate transfer of subscriptions by the person. > > > (2) Section 41 applies to any money transferred to a pre-paid funeral fund pursuant to a direction referred to in subsection (1). > > > (3) Subject to this Division, the appropriate transfer of subscriptions by a person to whom this Division applies shall be the sum of the amount of all money paid under existing pre-paid contracts entered into by that person and of an amount equal to the value of all other valuable consideration given to that person under those contracts. > > > (4) An amount calculated by the Secretary in accordance with this section as the appropriate transfer of subscriptions by a person to whom this Division applies shall be paid to the pre-paid funeral fund to which it is payable at such time or in such instalments and at such times as the Secretary specifies in a direction under section 121. > > > (5) The appropriate transfer of subscriptions of a person to whom this Division applies shall be reduced by any amount held in trust by a pre-paid funeral fund under any existing pre-paid contract entered into by that person.