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September 1998

Organiser admits Perpetual Income Trust/Lifetime Income Trust is pyramid selling

23 September 1998

As part of an out of court settlement with the Commerce Commission the organiser of a scheme known as Perpetual Income Trust, and more recently as Lifetime Income Trust, has given signed undertakings admitting that the scheme is an illegal pyramid selling scheme.

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Whangarei businesses to meet Commerce Commission and Ministry of Consumer Affairs

14 September 1998

The Commerce Commission and Ministry of Consumer Affairs will be visiting Whangarei on Tuesday September 15 to Thursday September 17 to discuss the Fair Trading and Consumer Guarantees Acts and other consumer protection issues.

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