Victorian Repealed Acts

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This legislation has been repealed.

Funerals (Pre-Paid Money) Act 1993 - SECT 7

Procedure for investment

7. Procedure for investment



(1) A funeral organiser must ensure that an investment or payment under
section 6(1) or (2) is made-

   (a)  in the name of the person in respect of whom the funeral service is to
        be supplied; and

   (b)  in accordance with the contract.

Penalty: 600 penalty units.

(2) A funeral organiser must ensure that any investment or payment under
section 6 is made-

   (a)  if the money is paid to the funeral organiser in cash, before the end
        of the third business day; and

   (b)  if the money is paid to the funeral organiser otherwise than in cash,
        before the end of the seventh business day-

after the money is received by the funeral organiser or by any agent or
associate of the funeral organiser. Penalty: 600 penalty units.

(3) Within 21 days after receipt of any money paid to a funeral organiser
under a pre-paid funeral contract by or on behalf of any other party to the
contract, the funeral organiser must give that other party copies of any
documents-

   (a)  which relate to any payment or investment of that money under section
        6; and

   (b)  which are in a class of documents approved under sub-section (4).

Penalty: 120 penalty units.

(4) The Minister may by notice published in the Government Gazette approve
classes of documents for the purposes of this section.

(5) If an investment is made under section 6(1)(b), (c) or (d), the
funeral organiser concerned must inform the investment body that the
investment is made for the purpose of a funeral service to be supplied under a
pre-paid funeral contract.

Penalty: 120 penalty units.



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