Aussies still falling for these notorious schemes, new rules labelled ‘weak’ – NEWS.com.au

Consumer advocates say new rules slapped on one of the most predatory industries in financial services are weak and Australians will continue to be ripped off.The Australian Securities and Investments Commission on Friday issued new requirements for the timeshare sector, which involves buying a stake in holiday accommodation and getting a slice of time to use it.
• Allowing consumers to withdraw their application for stakes in a scheme, even after the cooling-off period, where their application…

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