Victorian Numbered Acts Victorian Numbered Acts(1) A funeral provider must ensure that an investment or payment under section 29(1) or (2) is made—
(a) in the name of the person in respect of whom the funeral services are to be supplied; and
(b) in accordance with the contract.
Penalty: 600 penalty units.
(2) A funeral provider must ensure that any investment or payment under section 29 is made—
(a) if the money is paid to the funeral provider in cash, before the end of the third business day; and
(b) if the money is paid to the funeral provider otherwise than in cash, before the end of the seventh business day—
after the money is received by the funeral provider or by any agent or associate of the funeral provider.
Penalty: 600 penalty units.
(3) Within 21 days after receipt of any money paid to a funeral provider under a pre-paid funeral contract by or on behalf of any other party to the contract, the funeral provider must give that other party copies of any documents—
(a) which relate to any payment or investment of that money under section 29 ; and
(b) which are in a class of documents approved under sub-section (4).
Penalty: 120 penalty units.
(4) The Minister may by notice published in the Government Gazette approve classes of documents for the purposes of this section.
(5) If an investment is made under section 29(1)(b), 29(1)(c) or 29(1)(d), the funeral provider concerned must inform the investment body that the investment is made for the purpose of a funeral service to be supplied under a pre-paid funeral contract.
Penalty: 120 penalty units.