Australian Capital Territory Repealed Acts

This legislation has been repealed.

PYRAMID SELLING ACT 1973

TABLE OF PROVISIONS

           Long Title

   1.      This Act may be cited as the Pyramid Selling Act 1973.1  
   2.      A reference in this Act to the making of a payment to or for the benefit of a person shall be read as including the making of a payment partly to or for the benefit of that person and partly to or for the benefit of one or more other persons.  
   3.      (1) A scheme is a trading scheme to which this Act applies if the scheme includes the following elements:  
   4.      (1) A person who is the promoter, or one of the promoters, of a trading scheme to which this Act applies is guilty of an offence if a participant in the scheme or a person who has applied or been invited to become a participant in the scheme makes a prescribed payment to or for the first-mentioned person.  
   5.      (1) A person who is a participant (otherwise than as a promoter) in a trading scheme to which this Act applies is guilty of an offence if another participant in the scheme or a person who has applied or been invited to become a participant in the scheme makes a prescribed payment to or for the first-mentioned person.  
   6.      (1) A payment that a person is induced to make by reason that there is held out to that person the prospect of his receiving payments or other benefits in respect of the introduction (whether by himself or by another person) of other persons who may become participants in a trading scheme is a prescribed payment for the purposes of this Act.  
   7.      A person who commits an offence against this Act is punishable, on summary conviction—  
   8.      Where a corporation is convicted of an offence against this Act, each person who, at the time of the commission of the offence, was a director of the corporation shall be deemed to be guilty of the offence and shall be liable to be convicted and punished as if the offence had been committed by him unless he proves that the offence was committed without his knowledge or that he took reasonable steps to prevent the commission of the offence.  
   9.      (1) Where a person has been convicted of an offence against this Act, the Supreme Court, on an application made for the purpose, may make any one or more of the following orders:  
   10.     (1) The parties to an application for an order under section 9 are—  
           ENDNOTES