Timeshare: The Price of Leisure

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Timeshare: The Price of Leisure

5 September 2005

© Commonwealth of Australia 2005
ISBN 0 642 71539 4

View the report as a single document - (PDF 481KB)


View the report as separate downloadable parts:

Members of the Committee (PDF 45KB)
 
Duties of the Committee (PDF 16KB)
 
Terms of Reference (PDF 34KB)
 
List of acronyms (PDF 16KB)
 
Recommendations (PDF 35KB)
 
Chapter 1 - Background to the inquiry (PDF 38KB)

Conduct of the inquiry
Inquiry report

 
Chapter 2 - Regulation of timeshare schemes (PDF 150KB)
Industry definition and profile
Corporations Act reforms and the timeshare industry
ASIC’s regulation of timeshare schemes
Conclusions
 
Chapter 3 - Timeshare as a managed investment (PDF 121KB)
Background to the current approach
Some advantages
And some disadvantages
International regulatory approaches
Conclusions
 
Chapter 4 - Regulatory options (PDF 80KB)
Alternative statutory approaches
Conclusions
Regulation under the Corporations Act
 
Chapter 5 - Issues for regulation (PDF 172KB)
The price of timeshare
Sales and marketing
Training and licensing
Cooling-off periods
Disclosure
Exiting timeshare and reselling interests
Conclusions
 
Chapter 6 - Fully sold schemes (PDF 57KB)
Regulatory exemptions
Resales
Delinquent members
Management issues
 
Appendix 1 - Submissions Received (PDF 14KB)
 
Appendix 2 - Public Hearings and site visits (PDF 24KB)
 
Appendix 3 - Major Timeshare industry participants (PDF 38KB)

For further information, contact

Committee Secretary
Parliamentary Joint Committee on Corporations and Financial Services
PO Box 6100
Parliament House
Canberra ACT 2600
Australia

Phone: +61 2 6277 3583
Fax: +61 2 6277 5719
Email: corporations.joint@aph.gov.au