New South Wales Consolidated Acts

FUNERAL FUNDS ACT 1979 - SECT 39A

39A Application for registration of previously exempt trustees

(1) This section applies to a person (whether an individual or corporation) who, immediately before the commencement of this Division:

(a) acted as trustee of trust funds under a pre-paid contract, and

(b) was exempt from the application of section 34 under section 34 (2) or from the application of section 112 under section 114B.

(2) The person must, within 6 months after the commencement of this Division, apply to the Director-General to be registered under this Act to act as trustee of trust funds under pre-paid contracts.

Maximum penalty: 50 penalty units.

(3) An application for registration made under subsection (2) must:

(a) be made in the form approved by the Director-General, and

(b) be accompanied by:

(i) a written statement specifying whether the person is subject to any other prudential requirements with respect to the person acting as trustee of trust funds under a pre-paid contract, and

(ii) such other information as the Director-General may require.