Document ID: chunk:federal_register_of_legislation:C2012C00868:clause:2_164
Version: federal_register_of_legislation:C2012C00868
Segment Type: clause
Provision Reference: sch 2 cl 164
Character Range: 259720–260269

164  Participation in pyramid schemes

 (1) A person commits an offence if the person participates in a pyramid scheme.

Penalty:
 (a) if the person is a body corporate—$1,100,000; or
 (b) if the person is not a body corporate—$220,000.

 (2) A person commits an offence if the person induces another person to participate in a pyramid scheme.

Penalty:
 (a) if the person is a body corporate—$1,100,000; or
 (b) if the person is not a body corporate—$220,000.

 (3) Subsections (1) and (2) are offences of strict liability.

Division 4—Pricing