Australian Capital Territory Consolidated Acts

CEMETERIES AND CREMATORIA ACT 2003 - SECT 16C

    (1)     This section applies if a perpetual care trust is dissolved.

    (2)     The amount remaining after payment of any debts and expenses of the trust must be transferred to another perpetual care trust, or another fund, that is—

        (a)     established for a charitable purpose; and

        (b)     endorsed as exempt from income tax under the Income Tax Assessment Act 1997 (Cwlth), subdivision 50-B (Endorsing charitable entities as exempt from income tax).