Tasmanian Numbered Regulations

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PREPAID FUNERALS REGULATIONS 2015 (S.R. 2015, NO. 3) - REG 4

Exemption of deposit scheme and class of prepaid funeral agreements from certain provisions of Act
(1)  For the purpose of section 28(2)(b) of the Act –
(a) a life policy is a deposit scheme which is exempt from the application of the Act or any provision of the Act; and
(b) the Catholic Development Fund is a deposit scheme which is exempt from the application of the Act or any provision of the Act.
(2)  For the purpose of section 28(2)(c) of the Act –
(a) if any money paid under a prepaid funeral agreement is to be invested in a life policy, that agreement is one of a class of prepaid funeral agreements which is exempt from the application of section 5(1)(d) , section 8(1) and section 9 of the Act; and
(b) if any money paid under a prepaid funeral agreement is to be paid to the Catholic Development Fund, that agreement is one of a class of prepaid funeral agreements which is exempt from the application of section 5(1)(d) , section 8(1) and section 9 of the Act.

Displayed and numbered in accordance with the Rules Publication Act 1953 .

Notified in the Gazette on 4 February 2015

These regulations are administered in the Department of Justice.

EXPLANATORY NOTE

(This note is not part of the regulation)

These regulations –
(a) exempt certain deposit schemes and certain classes of prepaid funeral agreements from the application of certain provisions of the Prepaid Funerals Act 2004 ; and
(b) are made consequentially on the repeal of the Prepaid Funerals Regulations 2005 under section 11 of the Subordinate Legislation Act 1992 .


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