49AActuarial investigation of pre-paid funeral funds

#### 49A Actuarial investigation of pre-paid funeral funds 49A Actuarial investigation of pre-paid funeral funds > > (1) A pre-paid funeral fund must— > > > > > (a) at least once in each period of 3 years or such other period as may be prescribed by the regulations, and > > > > > (b) where the Secretary by notice served on the fund so directs, within the period specified in the notice, > > > > cause an actuary to make an investigation of the financial position of the fund, including a valuation of its liabilities, and to furnish it with a report of the results of the investigation. > > > (2) The Secretary may waive the requirement for an investigation of a pre-paid funeral fund to be made under subsection (1) if the Secretary is satisfied that, in all the circumstances, it would be unduly onerous or otherwise unwarranted to require the investigation. > > > (3) A pre-paid funeral fund must— > > > > > (a) within 3 months after an investigation is made under subsection (1), lodge with the Secretary an abstract, prepared in the manner prescribed by the regulations and containing the particulars prescribed by the regulations, of the report by the actuary of the results of that investigation, and > > > > > (b) if requested by notice in writing given by the Secretary, lodge with the Secretary (by the date specified in the notice) a copy of the report by the actuary of the results of the investigation. > > Maximum penalty—10 penalty units. > > **pt 4, div 3A (ss 49A, 49B):** Ins 2003 No 61, Sch 1 \[35\].