New South Wales Consolidated Acts

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FUNERAL FUNDS ACT 1979 - SECT 23

No borrowing except for temporary accommodation

23 No borrowing except for temporary accommodation

A funeral contribution fund shall not borrow any money except that, for the temporary accommodation of the fund, the fund may obtain advances by overdraft of current account in any one or more banks, building societies or credit unions to such extent as may, from time to time, be approved by the Director-General.

Maximum penalty: 10 penalty units.



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