33Transfer by direction of Secretary

#### 33 Transfer by direction of Secretary 33 Transfer by direction of Secretary > > (1) Subject to this section, the Secretary may— > > > > > (a) with the approval of the Minister, direct a funeral contribution fund to transfer its contributory funeral benefit business to another funeral contribution fund, or to a person exempt from the application of section 11, nominated by the Secretary, and > > > > > (b) at the same time, require the fund, within a period specified by the Secretary, to enter into an agreement, approved by the Secretary, to give effect to the transfer so directed. > > > (2) The Secretary shall not give a direction under subsection (1) unless the Secretary is satisfied that the Secretary is entitled to make an application to wind up the funeral contribution fund concerned. > > > (3) The Secretary may, before a funeral contribution fund has transferred its contributory funeral benefit business pursuant to a direction under subsection (1) (a), revoke the direction. > > > (4) A funeral contribution fund shall comply with any direction or requirement given to it or made of it under subsection (1). > > > > Maximum penalty (subsection (4)): 10 penalty units. > > **s 33:** Am 1992 No 112, Sch 1.