New South Wales Consolidated Acts

FUNERAL FUNDS ACT 1979 - SECT 33

33 Transfer by direction of Director-General

(1) Subject to this section, the Director-General may:

(a) with the approval of the Minister, direct a funeral contribution fund to transfer its contributory funeral benefit business to another funeral contribution fund, or to a person exempt from the application of section 11, nominated by the Director-General, and

(b) at the same time, require the fund, within a period specified by the Director-General, to enter into an agreement, approved by the Director-General, to give effect to the transfer so directed.

(2) The Director-General shall not give a direction under subsection (1) unless the Director-General is satisfied that the Director-General is entitled to make an application to wind up the funeral contribution fund concerned.

(3) The Director-General may, before a funeral contribution fund has transferred its contributory funeral benefit business pursuant to a direction under subsection (1) (a), revoke the direction.

(4) A funeral contribution fund shall comply with any direction or requirement given to it or made of it under subsection (1).

Maximum penalty (subsection (4)): 10 penalty units.