Australian Capital Territory Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CEMETERIES AND CREMATORIA ACT 2003 (NO. 11 OF 2003) - SECT 14

Provisions applying to authorised deposit-taking institutions

    (1)     This section applies to an ADI with which a perpetual care fund of a cemetery or crematorium is maintained.

    (2)     The ADI is not obliged to control or supervise transactions of the perpetual care fund or how amounts withdrawn from the account are applied.

    (3)     The ADI must not, in relation to any liability of the operator of the cemetery or crematorium or anyone else to the ADI, have or obtain any recourse or right, whether by way of settlement, counterclaim, charge or otherwise against an amount credited to the perpetual care fund.

    (4)     This section does not relieve the ADI from any liability it may have apart from this section.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback