Queensland Consolidated Acts

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FUNERAL BENEFIT BUSINESS ACT 1982 - SECT 79

79 Application of Trusts Act 1973

(1) This section applies to an entity other than--

(a) an authorised deposit-taking institution under the Banking Act 1959 (Cwlth); or
(b) a company registered under the Life Insurance Act 1995 (Cwlth).

(2) The nominated Trusts Act provisions apply to payments made by a contributor to the entity under a funeral benefits agreement as if the entity were a trustee, and the payments were trust property, within the meaning of the Trusts Act 1973.

(3) In this section--

nominated Trusts Act provisions mean the following provisions of the Trusts Act 1973--

(a) part 1;
(b) part 2, other than sections 17 and 18;
(c) part 3, other than sections 28, 30 and 30A;
(d) part 4, other than sections 32 to 48, 53 and 57;
(e) part 5;
(f) part 6, other than sections 66, 67, 73 to 75, and 78;
(g) part 7, other than sections 84, 86 to 89, 93 and 95;
(h) part 9, other than sections 110, 112 and 113.


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