22Investment of surplus funds etc

#### 22 Investment of surplus funds etc 22 Investment of surplus funds etc > > (1) A funeral contribution fund may invest any of its funds that are not immediately required for the purpose of providing funeral benefits or meeting its management expenses in any manner— > > > > > (a) for the time being authorised for the investment of trust funds, or > > > > > (b) prescribed for the purposes of this paragraph. > > > (2) A funeral contribution fund shall open at and maintain with one or more authorised deposit-taking institutions one or more current or deposit accounts in the name of the fund and shall— > > > > > (a) forthwith after receiving any contributions, pay those contributions into that account or one of those accounts, and > > > > > (b) keep any of its money not invested under subsection (1) in that account or one of those accounts. > > Maximum penalty—10 penalty units. > > **s 22:** Am 1992 No 112, Sch 1; 1996 No 24, Sch 1; 2003 No 61, Sch 1 \[20\].