Notification of significant events

Current

(1)

If a trust board decides to do any of the following things, the Crown cemetery operator concerned must immediately give the Cemeteries Agency written particulars of the decision—

(a)

form a company or participate in the formation of a company,

(b)

participate in a significant partnership, trust, unincorporated joint venture or similar arrangement,

(c)

acquire or dispose of a significant share holding in a company,

(d)

acquire or dispose of a significant business,

(e)

commence or cease a significant business activity,

(f)

make a significant change in the nature or extent of its interest in a significant partnership, trust, unincorporated joint venture or similar arrangement.

Note.

Part 3 of the Crown Land Management Act 2016 also imposes other obligations on Crown cemetery operators (including those with operator boards).

(2)

The Cemeteries Agency may give written guidelines to the trust board that are to be used in deciding whether particulars are required to be given under subsection (1).

This Act’s bill:Explanatory memorandum Second reading speech

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85 Notification of significant events