Price Control Act (Chapter 86).
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
The Act establishes a regulatory framework to monitor and control the prices of goods and services. The text begins by creating institutional bodies, notably the Price Control Bureau, which is responsible for overseeing price regulation, conducting inquiries into market conditions, and determining pricing structures. The Bureau operates through defined functions and procedures, supported by the Prices Advisory Committee. The Act further outlines the mechanisms for enforcing price control, including methods for fixing prices based on investigations into costs and profit margins. It grants authority to the Controller and Inspectors to monitor compliance, access records, and maintain confidentiality. Final part of the text refers to offences and penalties.
Attached files
Long title of text
To make provision for controlling the price of goods and services.
Notes
Consolidated version of the Act as of 2006.
Repealed
Yes
Source language
English
Legislation Amendment
No