Malaysia legislation

Section 15

of PRICE CONTROL AND ANTI-PROFITEERING ACT 2011

Section 15

(1a)

The mechanism to determine that profit is unreasonably high referred to in subsection (1) includes the Minister determining a certain period during which there shall be no increase in the net profit margin of any goods or services.

Price Control and Anti-Profiteering 15

(2)

In formulating the mechanism under subsection (1), the

Minister may take into consideration the following matters:

(a)

any tax imposition;

(b)

the supplier’s cost;

(ba) any cost incurred in the course or furtherance of business;

(c)

supply and demand conditions;

(d)

the conditions and circumstances of geographical or product market; or

(e)

any other relevant matters in relation to the prices of goods or charges for services.

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