49BProcedure where deficiency in assets or management expenses unduly high

#### 49B Procedure where deficiency in assets or management expenses unduly high 49B Procedure where deficiency in assets or management expenses unduly high > > (1) If the Secretary is satisfied that, as a result of an actuarial investigation under section 49A or of an inquiry instituted by the Secretary— > > > > > (a) the assets of a pre-paid funeral fund are insufficient to meet its liabilities, or > > > > > (b) the rate of the management expenses of a pre-paid funeral fund is unduly high, > > > > the Secretary may, by notice served on the fund, give such directions to the fund as the Secretary considers necessary in the circumstances. > > > (2) The Secretary must not give a direction under subsection (1) without the approval of the Minister. > > > (3) A pre-paid funeral fund must comply with a direction given to it under subsection (1). > > > > Maximum penalty—10 penalty units. > > **pt 4, div 3A (ss 49A, 49B):** Ins 2003 No 61, Sch 1 \[35\].