8Particulars to be included in annual reports to contributors to funeral contribution funds

8 Particulars to be included in annual reports to contributors to funeral contribution funds

8 Particulars to be included in annual reports to contributors to funeral contribution funds

For the purposes of section 25A of the Act, the following particulars must be contained in the report given to a contributor to a funeral contribution fund—

(a) the name of the contributor,

(b) the date of the contributor’s entry to the fund,

(c) the opening balance of the contributor’s account at the beginning of the year to which the report relates,

(d) contributions made by the contributor during the year to which the report relates,

(e) fees and government charges paid from the contributor’s balance during the year to which the report relates,

(f) information on any bonuses paid to the contributor’s balance during the year to which the report relates,

(g) the closing balance of the contributor’s account at the end of the year to which the report relates,

(h) whether the contributor is in arrears or has made advance payments,

(i) the total value of the funeral benefit that would be paid upon the death of the contributor as at the date of the report,

(j) contact details of the funeral contribution fund.