Price Control and Anti-Profiteering (Amendment) Act 2017

Amends the Price Control and Anti-Profiteering Act 2011

Official textFrom Laws of Malaysia Online, unchanged

s 1Short title and commencement

(1)

This Act may be cited as the Price Control and

Anti-Profiteering (Amendment) Act 2017.

(2)

This Act comes into operation on a date to be appointed by the Minister by notification in the Gazette.

s 2New sections 10b and 10c

The Price Control and Anti-Profiteering Act 2011

[Act 723], which is referred to as the “principal Act” in this Act, is amended by inserting after section 10a the following sections:

“Display of prices or charges to include government taxes, etc.

s 10b

(1)

Where in the course of a trade or business prescribed by the Minister, any person displays, advertises, publishes or quotes or causes to be displayed, advertised, published or

PRICE CONTROL AND ANTI-PROFITEERING

(AMENDMENT) ACT 2017

quoted, in any manner, the prices of any goods or charges for any services, such person shall include in such prices or charges—

(a)

except where an approval under subsection 9(7) of the

Goods and Services Tax Act 2014 [Act 762] has been obtained, all government taxes, duties and charges;

and

(b)

all other charges which are to be imposed by the person on the goods or services.

(2)

Any person who contravenes subsection (1) commits an offence.

Power of Controller to obtain information 10c. (1) The Controller may, by notice in writing, direct any person who supplies or offers to supply any goods or services to provide to the Controller, within the period and in the manner and form specified in the notice, any return, document or information containing the prices of any goods or charges for any services imposed by such person and any other information as the Controller deems necessary.

(2)

Any person directed to provide any return, document or information under subsection (1) shall provide a true, accurate and complete return, document or information.

(3)

Any person who contravenes subsection (1) or (2)

commits an offence.”.

s 3Amendment of section 28

Subsection 28(1) of the principal Act is amended by inserting after the words “the purpose of” the words “inspecting,”.

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