45A

Power of Minister to prohibit third-party trading schemes

In force

(1)

The

Commissioner for Consumer Affairs may recommend to the Minister that a third‑party trading scheme be declared to be a prohibited third-party trading scheme if—

(a)

the scheme is not an approved third-party trading scheme and the

Commissioner is of the opinion that the scheme is not genuine and reasonable or is contrary to the interests of consumers; or

(b)

in the case of an approved third-party trading scheme—a condition of the approval has been contravened.

(2)

The

Minister may, on the recommendation of the Commissioner for Consumer

Affairs, by notice published in the Gazette, declare a third-party trading scheme to be a prohibited third-party trading scheme.

(3)

The

Minister may, by notice published in the Gazette, revoke a declaration under this section.

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