Price Control Act 1950 |
2020 REVISED EDITION |
This revised edition incorporates all amendments up to and including 1 December 2021 and comes into operation on 31 December 2021 |
An Act to provide for the control of prices. |
[3 March 1950] |
Short title |
1. This Act is the Price Control Act 1950. |
Interpretation |
2. In this Act, and in any rule or order made thereunder, unless the context otherwise requires —
|
Appointment of Price Controller and other officers |
Prices and charges |
4.—(1) The Price Controller may from time to time by order published in the Gazette —
|
Control of movement, export and import of and dealing in specified goods |
5. The Price Controller with the prior approval of the Minister may by order published in the Gazette —
|
Orders to be presented to Parliament |
6. Any order made by the Price Controller under section 4, 5 or 8 shall be published in the Gazette and shall be presented to Parliament as soon as possible after publication and if a resolution is passed pursuant to a motion notice whereof has been given for a sitting day not later than the first available sitting day of Parliament next after the expiry of one month from the date when an order was so presented annulling the order or any part thereof as from a specified date, the order or such part thereof, as the case may be, shall thereupon become void as from that date but without prejudice to anything previously done thereunder or to the making of a new order. |
Seller to display list of prices |
7. Any person who deals in any price-regulated goods shall display in English and in any other language ordered by the Price Controller, in a prominent manner and in a conspicuous position so that it can be easily read and is clearly legible to customers in those parts of his business premises where price-regulated goods are dealt in, a list of the current maximum prices of the price-regulated goods in which he deals and any such person who fails to do so shall be guilty of an offence. |
Controller may order display of prices of any goods or class of goods |
8. The Price Controller may by order published in the Gazette from time to time require any person who sells by retail any goods or class of goods specified in the order to exhibit clearly and conspicuously in such manner as may be prescribed the price demanded by him for the sale of those goods and any person failing to comply with any such order shall be guilty of an offence. |
Offence to sell above fixed price |
9.—(1) Any person who sells any price-regulated goods or performs any service at a price which exceeds the maximum price fixed therefor shall be guilty of an offence.
|
Refusal to sell goods |
10. Any person carrying on a business in the course of which price‑regulated goods are normally sold and who has in his possession a stock of such goods, who —
|
General powers of Price Controller |
11. The Price Controller or any Deputy Price Controller or any person authorised in writing by any of them is hereby empowered —
|
Powers of arrest and seizure |
12.—(1) A Price Inspector if so authorised by the Price Controller or any Deputy Price Controller in writing or any police officer or officer of customs if so authorised by the Price Controller in writing may —
|
Offence to obstruct authorities |
13. Any person who obstructs any person authorised under this Act to enter and inspect any premises or to examine any books, accounts or other documents, or any person who refuses or delays or fails to produce any books, accounts or other documents or certified copies or translations thereof relating to his trade or business, or who refuses to furnish any information or furnishes false information upon demand being made by a person authorised by this Act, or any person who fails to comply with any order given under this Act, shall be guilty of an offence. |
Saving |
14. No proceedings shall be instituted under this Act against any person duly authorised in that behalf by the Price Controller who has knowingly purchased goods at a price in excess of that fixed, or in excess of the permitted price, or who has paid a charge for a service in excess of the fixed charge, with the intention of procuring evidence for the purpose of prosecuting the seller for an offence under this Act. |
Attempts and abetments |
15.—(1) Any person attempting to commit or abetting the commission of an offence under this Act shall be guilty of an offence.
|
Penalties |
16.—(1) Any person, other than a body corporate, but including a director or officer of a body corporate, who commits an offence under this Act shall be liable, where no other penalty is specifically provided for such an offence, to a fine not exceeding $2,000 or to imprisonment for a term not exceeding 2 years or to both, and in the case of a second or subsequent offence to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 5 years or to both.
|
Delegation of powers |
17. The Price Controller may in writing delegate all or any of his powers, duties or functions under the provisions of this Act to any Deputy Price Controller, Assistant Price Controller, or any other person approved by the Minister, and may at any time revoke or vary such a delegation:
|
Rules |
18.—(1) The Minister may from time to time make rules generally to give effect to the provisions of this Act and by such rules may confer upon the Price Controller such powers as he thinks fit.
|
Forms |
19. The Price Controller may prescribe forms for use under this Act. |