34Trustee under pre-arranged contract to be registered under this Act

34 Trustee under pre-arranged contract to be registered under this Act

34 Trustee under pre-arranged contract to be registered under this Act

(1) A person shall not act as trustee of trust funds under a pre-paid contract unless that person is—

(a) a company that is a pre-paid funeral fund, or

(b) an individual who is a member of a group of individuals that is a pre-paid funeral fund.

(c) (Repealed)

Maximum penalty—20 penalty units.

Maximum daily penalty: 2 penalty units.

(2) A person is exempt from the application of subsection (1) if—

(a) the person is a friendly society within the meaning of the Life Insurance Act 1995 of the Commonwealth, or

(b) the person is a Crown cemetery operator within the meaning of the Cemeteries and Crematoria Act 2013.

(3), (4) (Repealed)

s 34: Am 1992 No 112, Sch 1; 2003 No 61, Sch 1 [27] [28]; 2004 No 91, Sch 1.17 [2]; 2014 No 88, Sch 2.25 [1] [2]; 2016 No 60, Sch 2.4 [5]; 2017 No 17, Sch 4.38 [1].