49GAnnual returns to be furnished

#### 49G Annual returns to be furnished 49G Annual returns to be furnished > > (1) Within 3 months after the last day of a pre-paid funeral fund’s financial year, or within such further time as the Secretary may allow, the fund must lodge with the Secretary a return specifying the following— > > > > > (a) the number of pre-paid contracts in respect of which the fund held money or other valuable consideration, as at the first day of that year, > > > > > (b) the number of pre-paid contracts in respect of which the fund commenced holding money or other valuable consideration during that year, > > > > > (c) the number of pre-paid contracts in respect of which the fund ceased holding money or other valuable consideration during that year, separately specified according to whether it ceased to hold that money or consideration pursuant to section 47 or pursuant to section 48, > > > > > (d) the number of pre-paid contracts that were cancelled pursuant to section 49 during that year (being contracts in respect of which the fund was holding money or other valuable consideration when they were cancelled), > > > > > (e) the number of pre-paid contracts in respect of which the fund held money or other valuable consideration, as at the last day of that year. > > > > Maximum penalty—10 penalty units. > > > (2) The Secretary may exempt a pre-paid funeral fund from the requirement to lodge a return under subsection (1) if the Secretary is satisfied that the fund is subject to adequate reporting requirements under a law of the Commonwealth. > > **s 49G:** Ins 2003 No 61, Sch 1 \[35\].