110
In forceOffence—protection of perpetual care trust
Part 7Perpetual care trusts
110 Offence—protection of perpetual care trust
(1)
A person commits an offence if—
(a)
the person is the licensee of a facility; and
(b)
a perpetual care trust is established for the facility; and
(c)
the person applies an amount in the perpetual care trust for a purpose other than a purpose for which the trust is established.
Maximum penalty: 50 penalty units.
(2)
Without limiting subsection (1), an amount forming part of the perpetual care trust of the facility is not—
(a)
available for the payment of debts of the licensee; or
(b)
liable to be attached or taken in execution to satisfy a judgment against the licensee.
This Act’s bill:Explanatory statementSecond reading speech
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