Price Control and Anti-Profiteering (Mechanism to Determine Unreasonably High Profit) (Net Profit Margin) Regulations 2014
P.U. (A) 347 of 2014; Federal Subsidiary Legislation; Issuing Authority: Minister of Domestic Trade, Co-operatives and Consumerism
24 December 2014 (Date of Publication in Gazette: 26 December 2014) | Source: Attorney General’s Chambers E-Federal Gazette

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:

Citation

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
[KPDN(BUU)26/5/48; PN(PU2)695/VII]

DATO' SRI HASAN BIN MALEK
Minister of Domestic Trade, Co-operatives and Consumerism

Notice: The Publishers of MLTIC acknowledge the permission granted by the relevant official/original source for the reproduction of the above/attached materials. You shall not reproduce the above/attached materials in whole or in part without the prior written consent of the Publishers and/or the original/official source. Neither the Publishers nor the official/original source will be liable for any loss, injury, claim, liability, or damage caused directly, indirectly or incidentally to errors in or omissions from the above/attached materials. The Publishers and the official/original source also disclaim and exclude all liabilities in respect of anything done or omitted to be done in reliance upon the whole or any part of the above/attached materials. The access to, and the use of, MLTIC and contents herein are subject to the Terms of Use.