Investor Presentaiton
No. 46 of 2012
[Rev. 2016]
Consumer Protection
(b) commencement was attempted but was refused by the consumer
at the time that commencement was attempted or commencement
was attempted but did not occur because no person was available to
enable commencement on the day for which reasonable notice was
given to the consumer that commencement was to occur.
22. Requirements for time share agreements
Every time share agreement shall be in writing, shall be delivered to the
consumer and shall be made in accordance with the prescribed requirements.
23. Cancellation of time share agreements
(1) A consumer may, without any reason, cancel a time share agreement at
any time from the date of entering into the agreement until ten days after receiving
the written copy of the agreement.
(2) In addition to the right under subsection (1), a consumer may cancel a time
share 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 22.
24. Requirements for personal development services agreements
(1) Every personal development services agreement shall be―
(a) in writing;
(b) delivered to the consumer;
(c) made in accordance with the prescribed requirements.
(2) No supplier shall require or accept payment for personal development
services from a consumer with whom the supplier does not have an agreement
that meets the requirements established under subsection (1).
25. An agreement is for one year
(1) No personal development services agreement may be made for a term
longer than one year after the day that all the services are made available to the
consumer.
(2) Any personal development services agreement that provides for a renewal
or an extension of the agreement beyond one year shall be deemed to create a
separate agreement for each renewal or extension of one year or less.
(3) A personal development services agreement that provides for the renewal
or extension of the agreement is not valid unless the supplier complies with the
prescribed requirements.
(4) A personal development services agreement that provides for a renewal or
extension of the agreement shall be deemed not to be renewed or extended if the
consumer notifies the supplier, before the time for renewal or extension that the
consumer does not want to renew or extend.
(5) Subsections (2) and (3) do not apply to an agreement providing for
successive monthly renewals if the consumer has the option of terminating on one
month's notice or less.
26. Only one agreement
(1) No supplier shall enter into a new agreement for personal development
services with a consumer with whom the supplier has an existing agreement for
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