99Cessation of business on prescribed day

99 Cessation of business on prescribed day

99 Cessation of business on prescribed day

An existing funeral contribution fund shall not, after the prescribed day—

(a) accept further contributions from contributors in connection with the contributory funeral benefit business of the existing fund,

(b) accept contributions from persons wishing to become contributors in connection with that business, or

(c) provide any funeral benefit in connection with that business to a contributor who dies after that day.

Maximum penalty—20 penalty units.

Maximum daily penalty: 2 penalty units.

s 99: Am 1992 No 112, Sch 1.