Registration of a Pre-Paid Funeral Fund - New South Wales

Description

You will need to be registered to operate a pre-paid funeral fund. This includes offering consumers goods and services to be supplied for their funeral, and allowing the costs associated with those funeral services to be paid for in advance.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for this registration, you must:

  • provide a statement of agreement between the corporation or trustees and individuals who have agreed to supply services for the purpose of the licence
  • provide bond in the form of a bank guarantee once the amount has been determined by the Department
  • provide statements that the applicant and any directors, trustees of officers have no prior convictions of offences in relation to dishonesty or fraud or any other offence, and whether any have been declared bankrupt or disqualified from practising any profession in relation to business
  • provide statement of funds incomes and expenditures for next three financial years
  • provide two character references for each director, trustee or officer.

Duration

Valid unless cancelled or wound up

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Fees are listed on the attached document.

Act(s) name

Funeral Funds Act 1979 New South Wales

Regulation(s) name

Funeral Funds Regulation 2016 New South Wales

Application process

Lodge

You will be required to submit a copy of the bond or arrangement when applying for registration as the trustee or trustees of trust funds. This is required as your business will be receiving money in advance.

Administering agency

Department of Customer Service

NSW Fair Trading

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Supporting information