50
CurrentRise and fall clause not permitted
Part 4Pre-paid funeral funds and pre-paid contracts
Division 4Pre-paid contracts
50 Rise and fall clause not permitted
(1)
A person shall not agree to supply a funeral service under a pre-paid contract if the contract provides that the specified sum of money payable, or other valuable consideration to be given, under the contract may be varied before or after the funeral service is carried out.
Maximum penalty—20 penalty units.
(2)
Any provision in a pre-paid contract, whether entered into before or after the commencement of this section, under which the specified sum of money payable, or other valuable consideration to be given, under the contract may be varied, shall be void.
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