Prepaid Funerals Act 2004
10Requirements for funeral trusts
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10 Requirements for funeral trusts
(1) A funeral trust may be established for the purposes of 2 or more funeral businesses.
(2) The terms of the funeral trust are to be approved by the Director who may impose conditions on the approval if he or she considers it necessary or expedient to do so for the purposes of this Act.
(3) The Director may revoke an approval if satisfied that –
(a) an offence against this Act has, or may have, been committed or is likely to be committed; or
(b) an investigation is being, or is to be, conducted into the funeral trust and the Director considers it appropriate to revoke the approval; or
(c) a condition of the approval has not been complied with.
(4) On the revocation of an approval, the Director must notify the custodian of the funeral trust and any person who has deposited money with the trust of the revocation and the reasons for it.