Malaysia legislation

Section 5

of PRICE CONTROL AND ANTI-PROFITEERING (AMENDMENT) ACT 2014

Section 5

Section 15 of the principal Act is amended—

(a)

by inserting after subsection (1) the following subsection:

“(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.”; and

(b)

in subsection (2), by inserting after paragraph (b) the following paragraph:

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

New section 53a

Section 5 — AKTA KAWALAN HARGA DAN ANTIPENCATUTAN (PINDAAN) 2014