Section 3
Application
This Act applies to any commercial activity, both within and subject to subsection (2), outside Malaysia.
(2)
In relation to the application of this Act outside Malaysia, this
Act applies to any commercial activity transacted outside Malaysia which has an effect on competition in any market in Malaysia.
Competition 11
(3)
This Act shall not apply to any commercial activity regulated under the legislation specified in the First Schedule and the Minister may, by order published in the Gazette, amend the First Schedule.
(4)
For the purposes of this Act, “commercial activity”
means any activity of a commercial nature but does not include—
(a)
any activity, directly or indirectly in the exercise of governmental authority;
(b)
any activity conducted based on the principle of solidarity;
and
(c)
any purchase of goods or services not for the purposes of offering goods and services as part of an economic activity.