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.