Queensland Consolidated Acts Queensland Consolidated Acts(1) A person commits an offence if--
(a) the person is a promoter of, or participant in, a trading scheme (the payee); and
(b) someone else who is, or has applied or been invited to become, a participant in the scheme (the payer) makes a payment to or for the benefit of the payee; and
(c) the payment is made under an inducement of a prospect held out to the payer of receiving benefits for the introduction, by the payer or someone else, of other persons who become participants in the scheme.
Maximum penalty--540 penalty units.
(2) A person commits an offence if the person--
(a) is a promoter of, or a participant in, or is otherwise acting in accordance with, a trading scheme; and
(b) by holding out to someone else (the payer) the prospect of receiving benefits for the introduction, by the payer or someone else, of other persons who become participants in the scheme, attempts to induce the payer--
(i) if the payer is already a participant in the scheme--to make a payment to or for the benefit of a promoter or participant in the scheme; or
(ii) if the payer is not already a participant in the scheme--to become a participant and to make a payment to or for the benefit of a promoter or participant in the scheme.
Maximum penalty--540 penalty units.
(3) A person commits an offence if--
(a) the person promotes or takes part in the promotion of a scheme (the payee); and
(b) a payment under the scheme is to be made by someone else who participates, or has applied or been invited to participate, in the scheme (the payer) to or for the benefit of--
(i) the payee or someone else who takes part in the promotion; or
(ii) someone else who participates in the scheme; and
(c) the inducement under the scheme for making the payment is the holding out to the payer the prospect of receiving benefits from other persons who may participate in the scheme.
Maximum penalty--540 penalty units.
(4) For this section, an inducement or attempt to induce is made by holding out a prospect of a type mentioned in the section if the prospect is or would be a substantial part of the inducement.