Establishment and functions of governance committees
18B Establishment and functions of governance committees
A Class A cemetery trust—
must establish—
a finance committee; and
an audit and risk committee; and
may establish any other governance committee as it determines from time to time.
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.
A governance committee—
must consider any matters that are referred to it by the Class A cemetery trust; and
may investigate and make any inquiries about any matter referred to it by the Class A cemetery trust; and
must report back to the Class A cemetery trust as required by the cemetery trust; and
must carry out any other functions conferred on a governance committee—
under this Act or any other Act; or
by the Class A cemetery trust.
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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