4AA
In forceMeaning of trustee
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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