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s 4AA

Meaning of trustee

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Part 1Preliminary

4AA Meaning of trustee

(1)

A trustee is an entity, other than a contributor, that is a party to a funeral benefit agreement entered into on or after 1 December 2003.

(2)

However, the following are not trustees

(a)

an authorised deposit-taking institution under the Banking Act 1959 (Cwlth);

(b)

a company registered under the Life Insurance Act 1995 (Cwlth).

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Section 4AA — Meaning of trustee — Trust Accounts Act 1973 (Queensland) — Barrister AI