Funeral Bonds

Within Tasmania, funeral directors are regulated by the Prepaid Funerals Act 2004 which contains a number of important provisions. It requires funeral businesses to give consumers certain information before they enter into a prepaid funeral agreement. It also details the type of information that must be given to consumers before entering into prepaid funeral agreements. The Act requires any money paid to a funeral business to be paid into a registered funeral benefit fund and specifies how money paid in advance for a prepaid funeral is to be managed by funeral businesses.