Investor Presentaiton

No. 46 of 2012 [Rev. 2016] Consumer Protection (b) any money payable by the supplier is payable by the trustee to the extent that the trustee holds sufficient trust funds for that purpose. (6) Every trustee under subsection (1) shall, upon receiving any payment from a consumer, provide the consumer with written confirmation of receipt of the payment and of the fact that the payment will be dealt with in accordance with sections 24 to 29 and with this section. (7) No trustee shall release to a supplier funds received from a consumer until the personal development services are available. (8) The trustee shall release the funds held under this section to the consumer if the consumer cancels the personal development services agreement in accordance with this Act. 31. Disclosure of information on internet agreement (1) Before a consumer enters into an internet agreement, the supplier shall disclose the prescribed information to the consumer. (2) The supplier shall provide the consumer with an express opportunity to accept or decline the agreement and to correct errors immediately before entering into it. (3) In addition to the requirements set out in section 5, disclosure under this section shall be accessible and shall be available in a manner that ensures that- (a) the consumer has accessed the information; and (b) the consumer is able to retain and print the information. 32. Copy of internet agreement (1) A supplier shall deliver to a consumer who enters into an internet agreement a copy of the agreement in writing within the prescribed period after the consumer enters into the agreement. (2) The copy of the internet agreement shall include such information as may be prescribed. (3) For the purposes of subsection (1), a supplier is considered to have delivered a copy of the internet agreement to the consumer if the copy is delivered in the prescribed manner. 33. Cancellation of internet agreement (1) A consumer may cancel an internet agreement at any time from the date the agreement is entered into until seven days after the consumer receives a copy of the agreement if― (a) the supplier did not disclose to the consumer the information required under section 38(1); or (b) the supplier did not provide to the consumer an express opportunity to accept or decline the agreement or to correct errors immediately before entering into it. (2) A consumer may cancel an internet agreement within thirty days after the date the agreement is entered into, if the supplier does not comply with a requirement under section 43. 34. Requirements for direct agreements Every direct agreement shall be in writing, shall be delivered to the consumer and shall be made in accordance with the prescribed requirements. 22

View entire presentation