Section 4
Registration of business designed to promote pyramid selling scheme or arrangement prohibited
of Multi-Level Marketing and Pyramid Selling (Prohibition) Act 1973
ActIn forceProvision 4 of 10
Section 4
Amended by29/201429/2014
(1)
A person must not apply to be registered under the Business Names Registration Act 2014 under any business name in respect of any business that is designed to promote a multi‑level marketing scheme or arrangement or a pyramid selling scheme or arrangement.
Amended by29/2014
(2)
A person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $200,000 or to imprisonment for a term not exceeding 5 years or to both.
Amended by29/2014