Have Your Say: Discussion paper - A new regime for unravelling Ponzi schemes
5pm on Friday, 6 July 2018
|Ponzi discussion paper||PDF Document||1120kb|
|Submission template||Microsoft Word Document||124kb|
On 10 May 2018, the Minister of Commerce and Consumer Affairs announced the release of a discussion document that sets out a proposal for a new, Ponzi-specific, insolvency regime. It is based on the idea that investors should be treated equally.
A Ponzi scheme is a fraudulent investment scheme in which investors are paid false profits from the amounts invested by new investors.
The deadline for making submissions on the discussion document is 5pm 6 July 2018.
How to Make a Submission
You can make your submission:
- By sending your submission as a Microsoft Word document to email@example.com.
- By mailing your submission to:
Business Law team
Building, Resources and Markets
Ministry of Business, Innovation & Employment
PO Box 1473
Please direct any questions that you have in relation to the submissions process to firstname.lastname@example.org