NSWIn ForceRegulation
Funeral Funds Regulation 2016
12Qualifications for registration as trustee
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12 Qualifications for registration as trustee
12 Qualifications for registration as trustee
For the purposes of section 36 (1) (c) of the Act, the prescribed qualification for registration as a trustee of trust funds is that the company or group of individuals concerned has entered into a bond (or any other financial arrangement that is approved by the Secretary) for an amount that, in the opinion of the Secretary, is sufficient to secure the due administration of the trust funds for which the company or group proposes to act as trustee.