Document ID: chunk:federal_register_of_legislation:C2004A01065:clause:1_75azo
Version: federal_register_of_legislation:C2004A01065
Segment Type: clause
Provision Reference: sch 1 cl 75AZO
Character Range: 5545–6199

75AZO  Pyramid selling

 (1) A corporation must not participate in a pyramid selling scheme.

Penalty: 10,000 penalty units.

 (2) A corporation must not induce, or attempt to induce, a person to participate in a pyramid selling scheme.

Penalty: 10,000 penalty units.

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

Note 1: Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.

Note 2: For strict liability, see section 6.1 of the Criminal Code.

 (4) In this section:

participate has the meaning given by section 65AAB.

pyramid selling scheme has the meaning given by sections 65AAD and 65AAE.