New South Wales Consolidated Acts

FUNERAL FUNDS ACT 1979 - SECT 15

15 Alteration or addition to rules of funeral contribution fund

(1) An alteration of or addition to the rules of a funeral contribution fund shall not have any force or effect until it is approved in writing by the Director-General.

(2) An application made to the Director-General for an approval under subsection (1) shall be accompanied by such documents as may be prescribed.

(3) The Director-General shall refuse to approve an alteration of or addition to the rules of a funeral contribution fund under subsection (1) if the Director-General is satisfied that the fund, by reason of the alteration or addition:

(a) will not be able to carry on contributory funeral benefit business successfully, or

(b) would be a company not entitled to be registered under section 13.

(4) Where a company is not entitled to be registered to carry on contributory funeral benefit business unless under its rules provision is made for a matter prescribed for the purposes of section 13 (1) (i), the Director-General may direct a funeral contribution fund that was so registered before that matter was prescribed, by notice served on the fund, to make, within such time as is specified in the notice, such alterations of or additions to its rules as are specified in the notice in order that provision is made for that matter.

(5) A funeral contribution fund shall comply with a direction given to it under subsection (4).

Maximum penalty (subsection (5)): 20 penalty units.