Queensland Consolidated Acts

FAIR TRADING ACT 1989 - SECT 55E

In this division--

loan fund scheme means a scheme that, in substance and regardless of its form--

(a) involves the contribution or subscription of an amount, directly or indirectly, by persons to a fund; and

(b) confers on each of the persons, or on each of a substantial proportion of them, an entitlement to receive a loan out of the fund at some date, whether ascertainable or not; and

(c) provides for the amount of the loan to be determined by reference to the amount each person contributes or subscribes, or agrees to contribute or subscribe, to the fund;

and includes--

(d) all activities, matters and things associated with a scheme; and

(e) any part of a scheme.

operate, a loan fund scheme, includes manage or control the scheme.