Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.1.07D

Specific things that are not financial products: funeral expenses policy

             (1)  For paragraph 765A(1)(y) of the Act, a funeral expenses policy is not a financial product.

             (2)  In this regulation:

funeral expenses policy means a scheme or arrangement for the provision of a benefit consisting of the payment of money, payable only on the death of a person, for the sole purpose of meeting the whole or part of the expenses of, and incidental to the person's:

                     (a)  funeral; and

                     (b)  burial or cremation.



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