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Monitoring Of Price Control Items

Monitoring Of Price Control Items
July 10
10:37 2017

What is Monitoring of Price Control Items?

Monitoring of Price Control Items is the system of price surveillance and physical checking of Price Control Items at various outlets in Fiji on a daily basis.

Price Monitoring task is undertaken to ensure that traders comply with the provisions of the Commerce Commission Act 2010  particularly with the maximum prices set by the Commission pursuant to Price Control Orders’ and Price Authorisation via daily price inspections, market monitoring and price surveillance.

The Commission also monitors the wholesalers, distributors and retailers on the importation of price control items.

 

What is the purpose of Monitoring of Price Control Items Under the Commerce Commission Act 2010?

To ensure that traders comply with the provisions of the Commerce Commission Act 2010.

Under these provisions, Section 41 (1) CCA 2010 prohibits the supply of controlled goods or services unless a price for those goods or services has been authorised by the Commission and the goods and services supplied are in accordance with the authorization.

Whilst setting the maximum price, the Commission also ensure’s that traders and businesses adhere to the declared maximum prices by monitoring the market. Price Monitoring is undertaken to ensure that businesses do not sell above the maximum whole and retail prices to consumers or simply Fijian consumers are not overcharged.

The Commission’s administration provisions for price regulation are stipulated in Part 5A – 5C of the Commerce Commission Act 2010 (CCA2010).

Apart from regulatory role, Consumer Protection is also one of its objective which warrants the Commissions monitoring tasks.

These tasks includes screening of advertisements and promotional materials in the media for unfair trade practices, investigation of customer complaints, observation and analysis of the market behaviour of the traders and information received from the members of the public.

 

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