Document ID: chunk:federal_register_of_legislation:C2025C00189:clause:2_44
Version: federal_register_of_legislation:C2025C00189
Segment Type: clause
Provision Reference: sch 2 cl 44
Character Range: 2481303–2481983

44  Participation in pyramid schemes
 (1) A person must not participate in a pyramid scheme.
Note: A pecuniary penalty may be imposed for a contravention of this subsection.
 (2) A person must not induce, or attempt to induce, another person to participate in a pyramid scheme.
Note: A pecuniary penalty may be imposed for a contravention of this subsection.
 (3) To participate in a pyramid scheme is:
 (a) to establish or promote the scheme (whether alone or together with another person); or
 (b) to take part in the scheme in any capacity (whether or not as an employee or agent of a person who establishes or promotes the scheme, or who otherwise takes part in the scheme).