Pyramid Schemes Bill 2006

Public bill · Private Member · Introduced

The Pyramid Schemes Bill 2006 would ban schemes where people pay to join and are promised profits mainly for recruiting others, rather than selling genuine goods or services. It would make inducing participation an offence, allow payments to be recovered, and provide penalties of up to five years’ imprisonment, aiming to protect people from schemes that inevitably collapse and leave most participants with losses.

Formal long title

Bill entitled an Act to prohibit the inducing of persons to participate in certain multi-level or pyramid schemes and to provide for other matters connected with such schemes

Last updated 18 September 2018