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These regulations may be cited as the Prepaid Funerals Regulations 2025 .
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Tasmania regulation
These regulations narrow the application of the Prepaid Funerals Act 2004 by declaring certain deposit schemes and classes of prepaid funeral agreements exempt. Specifically, life insurance policies and the named Catholic Development Fund are treated as exempt deposit schemes, and prepaid agreements that invest in life policies or pay that Fund are exempt from selected consumer-protection provisions. This affects funeral purchasers, funeral providers and insurers: purchasers pay into those vehicles, providers/insurers avoid some Act obligations, and providers gain an incentive to route funds into the exempt vehicles (Reg 4; Act ss5(1)(d),8(1),9).
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Direct links to the current provisions in Prepaid Funerals Regulations 2025.
These regulations may be cited as the Prepaid Funerals Regulations 2025 .
These regulations take effect on 4 February 2025.
In these regulations –
Act means the Prepaid Funerals Act 2004 ;
Catholic Development Fund means the Catholic Development Fund as administered by the Archbishop of the Roman Catholic Church in Tasmania;
life policy means a life policy, within the meaning of section 9 of the Life Insurance Act 1995 of the Commonwealth, issued by a company registered under section 21 of that Act.
(1) For the purpose of section 28(2)(b) of the Act –
(a) a life policy is a deposit scheme which is exempt from the application of the Act or any provision of the Act; and
(b) the Catholic Development Fund is a deposit scheme which is exempt from the application of the Act or any provision of the Act.
(2) For the purpose of section 28(2)(c) of the Act –
(a) if any money paid under a prepaid funeral agreement is to be invested in a life policy, that agreement is one of a class of prepaid funeral agreements which is exempt from the application of section 5(1)(d) , section 8(1) and section 9 of the Act; and
(b) if any money paid under a prepaid funeral agreement is to be paid to the Catholic Development Fund, that agreement is one of a class of prepaid funeral agreements which is exempt from the application of section 5(1)(d) , section 8(1) and section 9 of the Act.
Displayed and numbered in accordance with the Rules Publication Act 1953.
Notified in the Gazette on 3 February 2025
These regulations are administered in the Department of Justice.
Sourced from Tasmanian Legislation Online (legislation.tas.gov.au), CC BY 4.0.
These regulations may be cited as the Prepaid Funerals Regulations 2025 .
These regulations take effect on 4 February 2025.
In these regulations –
Act means the Prepaid Funerals Act 2004 ;
Catholic Development Fund means the Catholic Development Fund as administered by the Archbishop of the Roman Catholic Church in Tasmania;
life policy means a life policy, within the meaning of section 9 of the Life Insurance Act 1995 of the Commonwealth, issued by a company registered under section 21 of that Act.
(1) For the purpose of section 28(2)(b) of the Act –
(a) a life policy is a deposit scheme which is exempt from the application of the Act or any provision of the Act; and
(b) the Catholic Development Fund is a deposit scheme which is exempt from the application of the Act or any provision of the Act.
(2) For the purpose of section 28(2)(c) of the Act –
(a) if any money paid under a prepaid funeral agreement is to be invested in a life policy, that agreement is one of a class of prepaid funeral agreements which is exempt from the application of section 5(1)(d) , section 8(1) and section 9 of the Act; and
(b) if any money paid under a prepaid funeral agreement is to be paid to the Catholic Development Fund, that agreement is one of a class of prepaid funeral agreements which is exempt from the application of , and of the Act.
Displayed and numbered in accordance with the Rules Publication Act 1953.
Notified in the Gazette on 3 February 2025
These regulations are administered in the Department of Justice.