Price Control and Anti-Profiteering Act 2011 · Updated to 1 Nov 2018 · Part IV · Anti-Profiteering
15. Mechanism to determine unreasonably high profit
Official textFrom Laws of Malaysia Online, unchanged
The Minister shall prescribe the mechanism to determine that profit is unreasonably high and different types of mechanism may be prescribed to cater for different conditions and circumstances as the Minister deems fit.
Minister
“Minister” means the Minister charged with the responsibility for domestic trade and consumer affairs;
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.
goods
“goods” means property of every kind, whether tangible or intangible, whether moveable or immoveable, but excludes money and choses-in-action;
Price Control and Anti-Profiteering 15
price
“price” means any amount of money or any form of consideration given in exchange for any goods;
In formulating the mechanism under subsection (1), the
Minister may take into consideration the following matters:
any tax imposition;
the supplier’s cost;
any cost incurred in the course or furtherance of business;
supply and demand conditions;
the conditions and circumstances of geographical or product market; or
any other relevant matters in relation to the prices of goods or charges for services.
Terms defined in s 2
goods
Defined · s 2“goods” means property of every kind, whether tangible or intangible, whether moveable or immoveable, but excludes money and choses-in-action;
Minister
Defined · s 2“Minister” means the Minister charged with the responsibility for domestic trade and consumer affairs;
price
Defined · s 2“price” means any amount of money or any form of consideration given in exchange for any goods;
Part V
Penalty
Part VI
Investigation and Enforcement
Chapter 1
Chapter 2
Chapter 3
Part VII
Price Advisory Council
Part VIII