In force2022 Revised EditionCurrent version · 2022 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Competition Act · 2022 Revised Edition · Part · General
Competition Act · 2022 Revised Edition · Part · General
Official textFrom Attorney General's Chambers, unchanged
Any offence under this Act or any regulations made thereunder, may be compounded under this section if the offence is prescribed as a compoundable offence.
For the purpose of subsection (1), the Minister may, with the approval of His Majesty the Sultan and Yang Di-Pertuan, make regulations —
Minister
“Minister” means the Minister charged with the responsibility for general competition matters;
to prescribe the offences under this Act or any subsidiary legislation made thereunder as offences that may be compounded under this section;
to designate the person who may compound such offences;
and
to specify the maximum sum for which such offence may be compounded, except that the maximum sum so specified shall not exceed —
one half of the amount of the maximum fine that is prescribed for the offence; or
$5,000, whichever is the lower.
The person designated under subsection (2)(b) may compound any offence prescribed under subsection (2)(a) by collecting from a person who is reasonably suspected of having committed the offence a sum of money not exceeding the maximum sum that is specified under subsection (2)(c) in respect of that offence.
Competition
Minister
“Minister” means the Minister charged with the responsibility for general competition matters;