124Power of Minister to prohibit third-party trading schemes

124 Power of Minister to prohibit third-party trading schemes (1) The Commissioner may recommend to the Minister that a third- party trading scheme be declared to be a prohibited third-party trading scheme if: (a) the scheme is not an approved third-party trading scheme; and (b) the Commissioner is of the opinion that the scheme is not genuine and reasonable or is contrary to the interests of consumers. (2) The Minister may, on the recommendation of the Commissioner, by Gazette notice, declare a third-party trading scheme to be a prohibited third-party trading scheme. (3) The Minister may, by Gazette notice, revoke a declaration under this section. (4) The Commissioner may make a recommendation under subsection (1), and the Minister may make a declaration under subsection (2), in relation to a third-party trading scheme whether or not the scheme was in existence in the Territory immediately before the commencement of this section.