Released 25 May 2006. Comments closed 17 July 2006.

This consultation paper sets out our proposed refinement of Summary Policy Statement 160 Time-sharing schemes (PS 160) on regulating time-sharing schemes. The consultation paper discusses our proposals to:

• require that all time-sharing operators that have or are seeking relief under pro forma 205, 206 or 207 be members of an ASIC approved external dispute resolution scheme;
• require that all purchasers of time-sharing interests be given 14 calendar days to exercise their cooling-off rights;
• grant licensing relief for time-sharing schemes that have or are seeking relief under pro forma 206 or 207 in relation to the resale of time-sharing interests.

Download CP 74 (PDF 99 KB) | Read the information release