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s 18B

Establishment and functions of governance committees

In force

18B Establishment and functions of governance committees

(1)

A Class A cemetery trust—

(a)

must establish—

(i)

a finance committee; and

(ii)

an audit and risk committee; and

(b)

may establish any other governance committee as it determines from time to time.

(2)

A Class A cemetery trust must establish the governance committees referred to in subsection (1)(a) within 12 months of the Class A cemetery trust becoming a Class A cemetery trust.

(3)

A governance committee—

(a)

must consider any matters that are referred to it by the Class A cemetery trust; and

(b)

may investigate and make any inquiries about any matter referred to it by the Class A cemetery trust; and

(c)

must report back to the Class A cemetery trust as required by the cemetery trust; and

(d)

must carry out any other functions conferred on a governance committee—

(i)

under this Act or any other Act; or

(ii)

by the Class A cemetery trust.

(4)

Subsection (1)(a)(ii) does not apply to a Class A cemetery trust to which an exemption under the Financial Management Act 1994 with respect to governance committees applies.

S. 18C inserted by No. 61/2009 s. 21.

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Section 18B — Establishment and functions of governance committees — Cemeteries and Crematoria Act 2003 (Victoria) — Barrister AI