Discussion paper - A new regime for unravelling Ponzi schemes

Summary

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 was 6 July 2018.

Six writen submissions were received.

• View the submissions(external link)