Document ID: chunk:federal_register_of_legislation:C2004A01065:clause:1_65aab
Version: federal_register_of_legislation:C2004A01065
Segment Type: clause
Provision Reference: sch 1 cl 65AAB
Character Range: 1395–2600

65AAB  Definitions

  In this Division:

new participant, in a pyramid selling scheme, includes a person who has applied, or been invited, to participate in the scheme.

participant, in a pyramid selling scheme, means a person who participates in the scheme.

participate, in a pyramid selling scheme, means:
 (a) establish or promote the scheme (whether alone or together with another person); or
 (b) 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 otherwise takes part in the scheme).

participation payment has the meaning given by paragraph (a) of the definition of pyramid selling scheme in subsection 65AAD(1).

payment, to a person or received by a person, means:
 (a) the provision of a financial or non‑financial benefit to or for the benefit of the person; or
 (b) the provision of a financial or non‑financial benefit partly to or for the benefit of the person, and partly to or for the benefit of someone else.

pyramid selling scheme has the meaning given by section 65AAD.

recruitment payment has the meaning given by paragraph (b) of the definition of pyramid selling scheme in subsection 65AAD(1).