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Investor Presentaiton

[Rev. 2016] No. 46 of 2012 Consumer Protection personal development services unless the new agreement is for personal development services that are distinctly different from the services provided under the existing agreement. (2) Any new agreement entered into in contravention of subsection (1) is void. (3) For the purposes of subsection (1), a different term or a different commencement date does not constitute a distinct difference in the personal development services to be provided. (4) Nothing in this section prevents a personal development services agreement from being renewed during the term of the agreement provided that the renewal meets the requirements under section 24. 27. Initiation fee No supplier of personal development services shall- (a) charge a consumer more than one initiation fee; or (b) charge an initiation fee that is greater than twice the annual membership fee. 28. Installment plans (1) Every supplier of personal development services shall make available to consumers at least one plan for installment payments of membership fees and initiation fees, if applicable, that allow consumers to make equal monthly payments over the term of the personal development services agreement. (2) No supplier shall provide an installment payment plan through which the total amount paid by installments exceeds the membership or initiation fee, if applicable, by more than twenty-five per cent. 29. Cancellation: cooling-off period (1) A consumer may, without any reason, cancel a personal development services agreement at any time within ten days after the later of receiving the written copy of the agreement and the day all the services are available. (2) In addition to the right under subsection (1), a consumer may cancel a personal development services agreement within one year after the date of entering into the agreement if the consumer does not receive a copy of the agreement that meets the requirements under section 24. 30. Trustee for payment for unavailable services (1) No supplier shall receive payment from a consumer for personal development services that are not available at the time the payment is made. (2) Subsection (1) does not apply when one of the services that is not available is the use of a facility and the consumer has agreed in writing to use another facility provided by the supplier until the facility contracted for is available. (3) If a facility is not available for use on the day specified in the agreement, the trustee shall refund all payment received from the consumer unless the consumer agrees in writing to permit the trustee to retain the payment. (4) No permission given under subsection (3) applies for longer than ninety days but a subsequent permission may be given on the expiration of permission. (5) Where a supplier has a trustee under subsection (1)— (a) any notice to the trustee shall be deemed to be notice to the supplier; and 21
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