❓ Question regarding the Minister's plans to protect funds held for prepaid funerals, following a government report. The Minister's answer indicates a cautious approach due to existing industry self-regulation and limited complaints.
AnsweredQoN 3120Legislative Assembly
QuestionView source ↗
I refer to a report on prepaid funerals currently with government, and ask, what measures is the Minister intending to take to protect the funds held for prepaid funerals: (a) if the Minister intends to take measures, what is the time frame; and (b) if no measures are to be taken, why not?
AnswerView source ↗
Answered
20 November 2014
Responded by
Parliamentary Secretary representing the Minister for Commerce
Response time
29 days
(a) The report, which is still under consideration, recommended that a limited Code of Practice under the
Fair Trading Act 2010
be introduced to regulate the prepaid funeral sector and to provide certainty as to the treatment and investment of prepaid consumer funds. However, the report was not strongly supported by the Regulatory Gatekeeping Unit as most pre-paid funeral providers are Australian Funeral Directors Association members who already abide by a Code of Practice that largely addresses the issues recommended in the report, and few complaints are received about the funeral industry.
(b) Not applicable.
Fair Trading Act 2010
be introduced to regulate the prepaid funeral sector and to provide certainty as to the treatment and investment of prepaid consumer funds. However, the report was not strongly supported by the Regulatory Gatekeeping Unit as most pre-paid funeral providers are Australian Funeral Directors Association members who already abide by a Code of Practice that largely addresses the issues recommended in the report, and few complaints are received about the funeral industry.
(b) Not applicable.
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