The 3 Most Notorious Ponzi Schemes in History

Direct selling companies can often appear to be similar in structure to Ponzi Schemes. The difference being that bona fide multi-level marketing (MLM) companies derive genuine profit from real world sales, whereas Ponzi schemes make no real profit and exist only as long as new investors keep up the payments to earlier investors. Read about 3 infamous examples of what can go wrong for individuals, companies and even countries when investment eggs are all placed in the Ponzi basket.   Source: Hakki Ozmorali, World of Direct Selling Ponzi history

RFA Provides Comprehensive Training In Regulatory Affairs - Late Winter Special! 20% discount on September and October bookings

Are you looking to expand your knowledge or are you new to Australian regulations related to the supply of foods, cosmetics and/or complementary medicines? Then check out the full list of courses we offer on the Robert Forbes & Associates website www.rfaregulatoryaffairs.com/training-courses . There are 20 courses to choose from and any of these can be undertaken either singly or in groups, from within our Glebe, Sydney office, at your office or remotely via Skype. We are offering a special 20% discount on all courses if you enrol in the month of September or October. Contact our training manager Kate Durey This email address is being protected from spambots. You need JavaScript enabled to view it.  to receive the latest information on these training courses at this discount offer. See you in the classroom!

Quote for the month:

“I never liked training, but I said ‘Don’t quit’. Suffer now and live the rest of your life as a champion”   Mohammed Ali

RFA Breaking News

Complementary medicines ('Dietary supplements')

  Safety Review of Coumarin in Topical Listed Medicines and Sunscreens Coumarin is a naturally occurring chemical found in several food products such as cinnamon. Coumarin is currently permitted for…

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Foods

  FSANZ Final Report - Review of Food Derived Using New Breeding Techniques Food Standards Australia New Zealand today released the Final Report on its review of food derived using…

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Cosmetics and TGA Listed Sunscreens

  NICNAS Requests Information on Industrial Uses of Certain Chemicals on the Inventory The new scheme called the Australian Industrial Chemicals Introduction Scheme (AICIS) commences on 1 July 2020 and…

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Marketing News:

  Training: RFA Provides Comprehensive Training in Regulatory Affairs Are you looking to expand your knowledge or are you new to Australian regulations related to the supply of foods, cosmetics…

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Complementary medicines ('Dietary supplements')

  When Does Disease Education Stray Into Product Promotion? This TGA guidance is to assist providers of disease education activities (including sponsors, health professionals, pharmacies, peak organisations and community educators)…

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Foods

  Proposal to Prohibit the Retail Sale of Pure and Highly Concentrated Caffeine Products As previously reported in the July and September 2019 editions of this newsletter, there has been…

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