New South Wales Consolidated Acts

FUNERAL FUNDS ACT 1979 - SECT 41

41 Money etc paid under pre-paid contract to be held in trust

(1) Subject to this Act, any money or other valuable consideration paid or given to a person under a pre-paid contract shall be held by that person in trust for the purposes for which it was paid or given.

(2) Except as otherwise provided in this Part, trust funds held under a pre-paid contract are not available for payment of the debts of the person who holds those funds or of the person who entered into the contract or liable to be taken in execution under the order or process of a court.