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| Mon, Dec 30 2024, 23:58:30 | [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, 6, 7, [8], 9, 10 ] |
| Subject: At last something is done about Timeshare Cheats | |
Author: George | [ Next Thread |
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] Date Posted: Fri, Feb 10 2006, 20:14:46 Hi friends, at last something is being done to curb the mass cheating that is going on here in Singapore. I am glad the authorities are awaken to the fact there there are hundreds and thousands of people being milked out of their hard-earned money for some frivolous purchase. Please read the following and give your views generously so that the problem can be nipped in the bud and you can protect yourself, your friends and your relatives from this scam that is prevalent and sprouting out like weeds in our beautiful garden...... Public Consultation on the Proposed Amendments to the Consumer Protection (Fair Trading) Act In May 2005, following discussions in Parliament, a working group was formed to consider legislation to protect buyers of timeshares, club memberships and alternative investments. The members of the working group were Mr Seah Seng Choon, MP Mr Sin Boon Ann, Associate Professor Hans Tjio, CASE President and MP Mr Yeo Guat Kwang, and NMP Professor Ivan Png. The working group has held meetings with the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI). Based on these discussions, it has proposed to amend the Consumer Protection (Fair Trading) Act, or CPFTA, to protect buyers of timeshares, club memberships and alternative investments. These proposed revisions have been included in a draft concept paper on amendments to the CPFTA. CASE would now like to invite the public to give their views and feedback on the proposed revisions to the current Act. More information, including a copy of the Consumer Protection (Fair Trading) (Amendment) Bill and Concept Paper relating to timeshares, club memberships and alternative investments, can be found on our website: http://www.case.org.sg/central3.htm#pubConsultExe The public is welcome to give their comments to Ms Rachel Leong via email: rachel@case.org.sg by 28 February 2006. Feedback that we receive may be incorporated into this private Bill and tabled to Parliament for it to be passed. [ Next Thread | Previous Thread | Next Message | Previous Message ] |