PYRAMID SELLING ACT 1973 (REPEALED) - SECT 6 6.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.

Australian Capital Territory Repealed Acts

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This legislation has been repealed.

PYRAMID SELLING ACT 1973 (REPEALED) - SECT 6

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.

(2) Subject to subsection (3), a person shall, for the purposes of this Act, be taken to hold out to another person a prescribed inducement if he holds out to that other person the prospect of receiving payments or other benefits in respect of the introduction (whether by the second-mentioned person or by another person) of persons who may become participants in a trading scheme.

(3) A person shall not be taken to have held out a prescribed inducement unless the prospect referred to in subsection (2) constituted the whole, or a substantial part, of the inducement held out.

Penalties

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