Price Control and Anti-Profiteering (Mechanism to Determine Unreasonably High Profit) (Net Profit Margin) Regulations 2014
PRICE CONTROL AND ANTI-PROFITEERING ACT 2011
PRICE CONTROL AND ANTI-PROFITEERING (MECHANISM TO DETERMINE UNREASONABLY HIGH PROFIT) (NET PROFIT MARGIN) REGULATIONS 2014
In exercise of the powers conferred by section 15 of the Price Control and Anti-Profiteering Act 2011 [Act 723], the Minister makes the following regulations:
1. These regulations may be cited as the Price Control and Anti-Profiteering (Mechanism to Determine Unreasonably High Profit) (Net Profit Margin) Regulations 2014.
Mechanism to determine unreasonably high profit
2. (1) The mechanism to determine that profit is unreasonably high for the period from 2 January 2015 to 31 March 2015 and 1 April 2015 to 30 June 2016 is that there shall be no increment in the net profit margin of any goods or services.
(2) There is no increment in the net profit margin of any goods or services referred to in subregulation (1)-
(a) within the period from 2 January 2015 to 31 March 2015 if the formula in paragraph 2 of Part II of the Schedule is satisfied; and
(b) within the period from 1 April 2015 to 30 June 2016 if the formula in paragraph 3 or 4 of Part III of the Schedule is satisfied.
To view the SCHEDULES, refer to pages 26 through 44 of the PDF Version.
Made 24 December 2014
DATO' SRI HASAN BIN MALEK
Minister of Domestic Trade, Co-operatives and Consumerism