Funeral Benefit Business Amendment Regulation (No. 1) 2003 (Qld)

Queensland Subordinate Legislation 2003 No. 305 Funeral Benefit Business Act 1982 Trust Accounts Act 1973 FUNERAL BENEFIT BUSINESS AMENDMENT REGULATION (No. 1) 2003 TABLE OF PROVISIONS Section Page PART 1—PRELIMINARY 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 Commencement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 PART 2—AMENDMENT OF FUNERAL BENEFIT BUSINESS REGULATION 2000 3 Regulation amended in pt 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Replacement of pt 2 hdg (Board) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 5 Replacement of s 3 (Definition for pt 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3 Application of pt 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 6 Replacement of pt 3 hdg (Funeral benefit businesses of corporations registered at commencement of the Act) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 7 Replacement of s 14 (Definition for pt 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 14 Application of pt 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 8 Amendment of s 15 (Corporations to enter into agreements with contributors) ........................................... 4 9 Omission of s 21 (Limit on number of agreements) . . . . . . . . . . . . . . . . . . . 5 10 Omission of pt 4 (Registration of corporations to carry on funeral benefit business) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 11 Replacement of pt 5 hdg (Annual returns) . . . . . . . . . . . . . . . . . . . . . . . . . . 5 12 Amendment of s 26 (Documents to accompany annual returns for preserved registration corporation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

2 Funeral Benefit Business Amendment Regulation (No. 1) 2003 No. 305, 2003 13 Amendment of s 27 (Documents to accompany annual returns for part 4 registration corporation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 14 Replacement of pt 6 hdg (Accounts and funds) . . . . . . . . . . . . . . . . . . . . . . 6 15 Insertion of new s 28A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 28A Application of pt 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 16 Amendment of s 31 (Heading and particulars for trust receipt) . . . . . . . . . . 6 17 Amendment of s 36 (Audit of benefit trust fund of preserved registration corporation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 18 Amendment of s 37 (Audit report) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 19 Amendment of s 41 (Duties of a corporation). . . . . . . . . . . . . . . . . . . . . . . . 7 20 Replacement of pt 7 hdg (Miscellaneous). . . . . . . . . . . . . . . . . . . . . . . . . . . 7 21 Insertion of new s 42A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 42A Application of pt 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 22 Replacement of sch 1 (Fees) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 SCHEDULE 1 FEES 23 Amendment of sch 2 (Dictionary). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 PART 3—AMENDMENT OF TRUST ACCOUNTS REGULATION 1999 24 Regulation amended in pt 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 25 Replacement of pt 2 (Supervising entity for trustee who is a solicitor) . . . . 9 PART 2—SUPERVISING ENTITY 2 Supervising entity for application of Funeral Benefit Business Act 1982 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 2A Supervising entity for a trustee who is a solicitor . . . . . . . . . . . . . . . 10

s1 3 s5 Funeral Benefit Business Amendment Regulation No. 305, 2003 (No. 1) 2003 PART 1—PRELIMINARY 1 Short title This regulation may be cited as the Funeral Benefit Business Amendment Regulation (No. 1) 2003 . 2 Commencement This regulation commences on 1 December 2003. PART 2—AMENDMENT OF FUNERAL BENEFIT BUSINESS REGULATION 2000 3 Regulation amended in pt 2 This part amends the Funeral Benefit Business Regulation 2000. 4 Replacement of pt 2 hdg (Board) Part 2, heading— omit, insert— ‘PART 2—BOARD FOR CORPORATIONS REGISTERED AT COMMENCEMENT OF THE ACT’. 5 Replacement of s 3 (Definition for pt 2) Section 3— omit, insert— ‘3 Application of pt 2 ‘This part applies to a part 3 corporation in relation to funeral benefit agreements entered into by the corporation and in force immediately before the commencement of the Second-handDealersandPawnbrokersAct 2003 , section 139.’.

s6 4 s8 Funeral Benefit Business Amendment Regulation No. 305, 2003 (No. 1) 2003 6 Replacement of pt 3 hdg (Funeral benefit businesses of corporations registered at commencement of the Act) Part 3, heading— omit, insert— ‘PART 3—EXISTING AGREEMENTS WITH CORPORATIONS REGISTERED AT COMMENCEMENT OF THE ACT’. 7 Replacement of s 14 (Definition for pt 3) Section 14— omit, insert— ‘14 Application of pt 3 ‘This part applies to a part 3 corporation in relation to funeral benefit agreements entered into by the corporation and in force immediately before the commencement of the Second-handDealersandPawnbrokersAct 2003 , section 139.’. 8 Amendment of s 15 (Corporations to enter into agreements with contributors) (1) Section 15, heading— omit, insert— ‘ Certificate of contributions paid ’. (2) Section 15(1), (2) and (3)— omit. (3) Section 15(4), ‘If the’— omit, insert— ‘If a’. (4) Section 15(4), ‘the agreement’— omit, insert— ‘a funeral benefit agreement’.

s 9 5 s 13 Funeral Benefit Business Amendment Regulation No. 305, 2003 (No. 1) 2003 (5) Section 15(4), penalty, ‘for subsection (4)’— omit. 9 Omission of s 21 (Limit on number of agreements) Section 21— omit. 10 Omission of pt 4 (Registration of corporations to carry on funeral benefit business) Part 4— omit. 11 Replacement of pt 5 hdg (Annual returns) Part 5, heading— omit, insert— ‘PART 5—ANNUAL RETURNS FOR REGISTERED CORPORATIONS’. 12 Amendment of s 26 (Documents to accompany annual returns for preserved registration corporation) (1) Section 26, heading, ‘ preserved registration ’— omit, insert— ‘ part 3 ’. (2) Section 26, ‘preserved registration’— omit, insert— ‘part 3’. 13 Amendment of s 27 (Documents to accompany annual returns for part 4 registration corporation) (1) Section 27, heading, ‘ registration ‘—

s 14 6 s 16 Funeral Benefit Business Amendment Regulation No. 305, 2003 (No. 1) 2003 omit. (2) Section 27, ‘registration’— omit. (3) Section 27(c)(ii)— omit, insert— ‘(ii) a statement of the corporation’s investments for the funeral benefit business at the end of the financial year.’. (4) Section 27(d)— omit. 14 Replacement of pt 6 hdg (Accounts and funds) Part 6, heading— omit, insert— ‘PART 6—ACCOUNTS AND FUNDS FOR REGISTERED CORPORATIONS’. 15 Insertion of new s 28A Part 6— insert— ‘28A Application of pt 6 ‘This part applies to a registered corporation in relation to funeral benefit agreements entered into by the corporation and in force immediately before the commencement of the Second-handDealersandPawnbrokersAct 2003 , section 139.’. 16 Amendment of s 31 (Heading and particulars for trust receipt) (1) Section 31(a)(i), ‘preserved registration’— omit, insert— ‘part 3’.

s 17 7 s 20 Funeral Benefit Business Amendment Regulation No. 305, 2003 (No. 1) 2003 (2) Section 31(a)(ii), ‘registration’— omit. 17 Amendment of s 36 (Audit of benefit trust fund of preserved registration corporation) (1) Section 36, heading, ‘ preserved registration ’— omit, insert— ‘ part 3 ’. (2) Section 36, ‘preserved registration’— omit, insert— ‘part 3’. 18 Amendment of s 37 (Audit report) Section 37(2)(k), ‘registration’— omit. 19 Amendment of s 41 (Duties of a corporation) (1) Section 41, heading, after ‘ a ’— insert— ‘ part 4 ’. (2) Section 41(1), from ‘if’ to ‘account’— omit, insert— ‘if a part 4 corporation’. 20 Replacement of pt 7 hdg (Miscellaneous) Part 7, heading— omit, insert— ‘PART 7—OTHER PROVISIONS FOR REGISTERED CORPORATIONS’.

s 21 8 s 22 Funeral Benefit Business Amendment Regulation No. 305, 2003 (No. 1) 2003 21 Insertion of new s 42A Part 7— insert— ‘42A Application of pt 7 ‘This part applies to a registered corporation in relation to funeral benefit agreements entered into by the corporation and in force immediately before the commencement of the Second-handDealersandPawnbrokersAct 2003 , section 139.’. 22 Replacement of sch 1 (Fees) Schedule 1— omit, insert— ‘SCHEDULE 1 ‘FEES section 52 $ 1. Application to amend registered rules— (a) for each rule to be amended. . . . . . . . . . . . . . . . . . . . . 11.80 (b) maximum fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71.00 2. Inspection at the registry of the registered rules, and the documents relating to registration, of a registered corporation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.70 3. Certified copy of certificate of registration of a registered corporation to carry on a funeral benefit business . . . . . . . . 8.70 4. Copy of, or extract from, a document lodged with the registrar— (a) for the first page . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.80 (b) for each additional page. . . . . . . . . . . . . . . . . . . . . . . . 1.00

s 23 9 s 25 Funeral Benefit Business Amendment Regulation No. 305, 2003 (No. 1) 2003 $ 5. Certified copy of, or certified extract from, a document lodged with the registrar— (a) for the first page . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.70 (b) for each additional page. . . . . . . . . . . . . . . . . . . . . . . . 1.00 6. Lodging notice of change of registered office of a registered corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.30 7. Lodging notice of change of secretary of a registered corporation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.30 8. Lodging notice of change of name of a registered corporation—in addition to a fee under item 2 . . . . . . . . . . 10.30 9. Approval by the registrar of an advertisement by a registered corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.30’. 23 Amendment of sch 2 (Dictionary) Schedule 2, definitions “corporation”, “part 4 registration corporation”, “preserved registration corporation” and “registered corporation”— omit. PART 3—AMENDMENT OF TRUST ACCOUNTS REGULATION 1999 24 Regulation amended in pt 3 This part amends the Trust Accounts Regulation 1999. 25 Replacement of pt 2 (Supervising entity for trustee who is a solicitor) Part 2— omit, insert—

s 25 10 s 25 Funeral Benefit Business Amendment Regulation No. 305, 2003 (No. 1) 2003 ‘PART 2—SUPERVISING ENTITY ‘2 Supervising entity for application of Funeral Benefit Business Act 1982 ‘For the application of the Act under the Funeral Benefit Business Act 1982, section 80, 1 the registrar of funeral benefit businesses appointed under section 6 of that Act 2 is the supervising entity for a trustee. ‘2A Supervising entity for a trustee who is a solicitor ‘The Queensland Law Society Incorporated is the supervising entity for a trustee who is a solicitor.’. ENDNOTES 1. Made by the Governor in Council on 27 November 2003. 2. Notified in the gazette on 28 November 2003. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Office of Fair Trading. © State of Queensland 2003 1 Funeral Benefit Business Act 1982 , section 80 (Application of Trust AccountsAct 1973) 2 Funeral Benefit Business Act 1982 , section 6 (Registrar)