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Amendments are not highlighted in legislation amended before 2012. We are working on it.
Formal Consolidation |  1985 RevEd
Interpretation
2.—(1)  In this Act, unless the context otherwise requires —
“commodity” means any goods, services, rights or other property, whether tangible or intangible, capable of being the subject of sale or lease;
“company” means a company as defined in the Companies Act [Cap. 50] and includes a corporation as defined in that Act;
“multi-level marketing scheme or arrangement” has the same meaning as “pyramid selling scheme or arrangement” in this Act;
“promote”, with its grammatical variations and cognate expressions, includes to manage, form, operate, carry on, engage in or otherwise to organise;
“pyramid selling scheme or arrangement” means any scheme or arrangement for the distribution of a commodity whereby a person may for valuable consideration in any manner acquire a commodity or a right or a licence to acquire the commodity for sale, lease or otherwise —
(a)where that person receives a gratuity or consideration, directly or indirectly, as a result of the recruitment, acquisitions, actions or performances of one or more additional participants; or
(b)where that person is or may be paid, directly or indirectly, commissions, cross commissions, bonuses, refunds, discounts, dividends, gratuities or other consideration as a result of a sale, lease or other distribution of such commodity by any additional participant,
and under circumstances where any part of the benefits referred to in paragraph (a) or (b) accrue to any other person participating in the scheme or arrangement.
[S 227/1995]
(2)  Any reference in this Act to the winding up of a company includes in the case of a foreign company a reference to the winding up of the affairs of a foreign company so far as the assets of the foreign company within Singapore are concerned.
Informal Consolidation | Amended Act 19 of 2000
Interpretation
2.—(1)  In this Act, unless the context otherwise requires —
“benefit” includes any gratuity, commission, cross commission, bonus, refund, discount, dividend and any other payment, service or advantage of whatever description, but does not include —
(a)the purchase of a sample of a commodity furnished at a price not exceeding the cost of the sample and which is not for resale; and
(b)time and effort spent in pursuit of sales, distribution or recruiting activities;
[19/2000 wef 01/06/2000]
“commodity” means any goods, services, rights or other property, whether tangible or intangible, capable of being the subject of a sale, lease or licence;
“company” means a company as defined in the Companies Act [Cap. 50] and includes a corporation as defined in that Act;
“multi-level marketing scheme or arrangement” has the same meaning as “pyramid selling scheme or arrangement” in this Act;
“promote”, with its grammatical variations and cognate expressions, includes to manage, form, operate, carry on, engage in or otherwise to organise;
“pyramid selling scheme or arrangement” means any scheme or arrangement for the distribution or the purported distribution of a commodity whereby —
(a)a person may in any manner acquire a commodity or a right or a licence to acquire the commodity for sale, lease, licence or other distribution;
(b)that person receives any benefit, directly or indirectly, as a result of —
(i)the recruitment, acquisition, action or performance of one or more additional participants in the scheme or arrangement; or
(ii)the sale, lease, licence or other distribution of the commodity by one or more additional participants in the scheme or arrangement; and
(c)any benefit is or may be received by any other person who promotes, or participates in, the scheme or arrangement (other than a person referred to in paragraph (a) or an additional participant referred to in paragraph (b)).
[19/2000 wef 01/06/2000]
(1A)  In this Act, “pyramid selling scheme or arrangement” shall be taken not to include such schemes or arrangements for the sale, lease, licence or other distribution of a commodity, or any class of such schemes or arrangements, as the Minister may by order prescribe, subject to such terms or conditions as may be specified in the order.
[19/2000 wef 01/06/2000]
(2)  Any reference in this Act to the winding up of a company includes in the case of a foreign company a reference to the winding up of the affairs of a foreign company so far as the assets of the foreign company within Singapore are concerned.