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LAWS OF MALAYSIA
Act 713
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Competition Commission 3
LAWS OF MALAYSIA
Act 713
ARRANGEMENT OF SECTIONS
PART I
PRELIMINARY
Section
1. Short title and commencement
2. Interpretation
PART II
ESTABLISHMENT OF THE COMPETITION COMMISSION
Section
16. Functions of the Commission
17. Powers of the Commission
18. Direction by Minister
19. Returns, reports, accounts and information
PART IV
PROVISIONS RELATING TO EMPLOYEES OF THE COMMISSION
PART V
FINANCE
27. Fund
28. Expenditure to be charged on the Fund
29. Conservation of the Fund
30. Expenditure and preparation of estimates
31. Bank accounts
32. Power to borrow
33. Investment
34. Limitation on contracts
35. Financial procedure
36. Financial year
37. Annual report
PART VI
GENERAL
Act 713
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PART I
PRELIMINARY
Interpretation
Minister means the Minister for the time being charged with
the responsibility for matters concerning domestic trade and
consumer affairs;
PART II
(4) Subject to and for the purposes of this Act, the Commission
may, upon such terms as the Commission deems fit
(a) enter into contracts; and
(b) in respect of movable and immovable property and
interest in movable and immovable property of every
description
(i) acquire, purchase and take such property and interest;
and
(ii) hold, enjoy, convey, assign, surrender, yield up,
charge, mortgage, demise, reassign, transfer, or
otherwise dispose of, or deal with, such property
and any interest in the property vested in the
Commission.
Common seal
Application of Schedule
8. (1) The Chairman shall not, while holding such office, hold
any other office or employment, whether remunerated or not,
without the Ministers prior written approval.
Tenure of office
(2) In the event that the office of the Chairman is vacant for
six consecutive months or more, the Prime Minister shall appoint
another person to be the Chairman in accordance with this Act,
and upon such appointment, the previous Chairman shall cease
to be a member of the Commission.
Establishment of committees
Disclosure of interest
PART III
17. (1) The Commission shall have the power to do all things
necessary or expedient for or in connection with the performance
of its functions under the competition laws.
Direction by Minister
19. (1) The Commission shall furnish to the Minister, and any
public authority as may be specified by the Minister, such returns,
reports, accounts and information with respect to its activities
and finances as the Minister may, from time to time, require or
direct.
PART IV
(4) The Chief Executive Officer shall perform such other duties
as the Commission may, from time to time, direct.
(5) In discharging his duties, the Chief Executive Officer shall act
under the general authority and direction of the Commission.
(2) In the event that the office of the Chief Executive Officer
is vacant for more than six months, the Minister shall appoint
another person to be the Chief Executive Officer, and upon such
appointment, the previous Chief Executive Officer shall cease to
hold office.
22. (1) The Commission may, from time to time, appoint and
employ such number of employees as it thinks necessary and
upon such terms as it considers appropriate for carrying out the
purposes of the competition laws.
PART V
FINANCE
Fund
Bank accounts
Power to borrow
32. The Commission may, from time to time, borrow in such form
and at such rate of interest and for such period and upon such
terms as to the time and method of repayment and otherwise, as
may be approved by the Minister, with the concurrence of the
Minister of Finance, any money required by the Commission for
meeting any of its obligations or discharging any of its duties.
Investment
Limitation on contracts
34. The Commission shall not, without the approval of the Minister
and the concurrence of the Minister of Finance, enter into any
contract under which the Commission is to pay or receive an
amount exceeding ten million ringgit.
24 Laws of Malaysia ACT 713
Financial procedure
35. Subject to this Act and the approval of the Minister, the
Commission shall determine its own financial procedure.
Financial year
Annual report
PART VI
GENERAL
Institution of prosecution
Public servant
42. The Public Authorities Protection Act 1948 [Act 198] shall
apply to any action, suit, prosecution or proceedings against the
Commission or against any member of the Commission, any member
of a committee, and employees or agents of the Commission
in respect of any act, neglect or default done or committed by
him in good faith or any omission by him in good faith, in such
capacity.
Obligation of secrecy
43. (1) Except for any of the purposes of this Act or for the
purposes of any civil or criminal proceedings under any written
law or where otherwise authorized by the Commission
(a) no member of the Commission or any of its committees
or any employee or agent of the Commission or any
person attending any meeting of the Commission or any
26 Laws of Malaysia ACT 713
of its committees, whether during or after his tenure of
office or employment, shall disclose any information
obtained by him in the course of his duties and which
is not published in pursuance of the competition laws;
and
(b) no other person who has by any means access to any
information or documents relating to the affairs of
the Commission shall disclose such information or
document.
Power to employ
45. The Commission may employ and pay agents and technical
advisers, including advocates and solicitors, bankers, consultants
and other persons, to transact any business or to do any act required
to be transacted or done in the performance of its functions, or
the exercise of its powers or for the better carrying into effect
the purposes of this Act.
Competition Commission 27
Method of publication
SCHEDULE
[Section 6]
2. The Chairman and at least half of the other members of the Commission
shall form a quorum at any meeting of the Commission.
Casting vote
4. (1) The Commission may invite any person to attend any meeting or
deliberation of the Commission for the purpose of advising it on any matter
under discussion, but any person so attending shall have no right to vote at
the meeting or deliberation.
(2) A person invited under subparagraph (1) shall be paid such allowances
as may be determined by the Commission.
Minutes
(3) Every meeting of the Commission of which minutes have been made
in accordance with subparagraphs (1) and (2) shall be deemed to have been
duly convened and held and all members thereat to have been duly qualified
to act.
Procedure
9. The members of the Commission shall devote such time to the business
of the Commission as is necessary to discharge their duties effectively.
DICETAK OLEH
PERCETAKAN NASIONAL MALAYSIA BERHAD,
KUALA LUMPUR
BAGI PIHAK DAN DENGAN PERINTAH KERAJAAN MALAYSIA