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COMPETITION ACT 2010 COMPETITION COMMISSION ACT 2010

COMPETITION ACT 2010 COMPETITION COMMISSION ACT 2010. MINISTRY OF DOMESTIC TRADE CO-OPERATIVES & CONSUMERISM. Briefing in MIRI and KUCHING 18 & 19 Oktober 2010. HISTORICAL BACKGROUND. Prevent firms from protecting and expanding other than efficiency means. Fair Trade Practices

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COMPETITION ACT 2010 COMPETITION COMMISSION ACT 2010

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  1. COMPETITION ACT 2010COMPETITION COMMISSION ACT 2010 MINISTRY OF DOMESTIC TRADE CO-OPERATIVES & CONSUMERISM Briefing in MIRI and KUCHING 18 & 19 Oktober 2010

  2. HISTORICAL BACKGROUND Prevent firms from protecting and expanding other than efficiency means • Fair Trade • Practices • Policy • Competition • Act Prevent anti competitive practices – collusion/cartel activities and abuse of market power Mandate of competition policy & law • Eighth Malaysia Plan - Ninth Malaysia Plan

  3. BACKGROUND • SEVERAL ACTS TO PROTECT CONSUMERS (UTP) • NO GENERAL LAW TO CONTROL ANTI-COMPETITIVE PRACTICES 3

  4. BACKGROUND • LAW FIRST MOOTED IN 1993 – FAIR TRADE PRACTICES ACT • NOW KNOWN AS COMPETITION ACT • PASSED IN PARLIAMENT MAY 2010 AND GAZETTED 10 JUNE 2010 4

  5. OBJECTIVE • TO PROMOTE ECONOMIC GROWTH • PROMOTE AND PROTECT THE PROCESS OF COMPETITION • PROTECT THE INTEREST OF CONSUMERS. 5

  6. COVERAGE • WILL REGULATE ALL TYPES OF BUSINESSES FROM MULTINATIONALS TO SMES AND MOM AND POP STORES • PROVIDES LEVEL PLAYING FIELD 6

  7. WHAT DOES THE COMPETITION LAW ADDRESS? • ANTI-COMPETITIVE AGREEMENTS • ABUSE OF DOMINANT POSITIONS 7

  8. WHY THE NEED FOR A COMPETITION LAW ? • PROVIDES RULES OF THE GAME FOR PLAYERS IN THE FIELD • AFTA ALREADY ENFORCED 8

  9. ENFORCEMENT AGENCY • COMPETITION COMMISSION TO BE ESTABLISHED BY END 2010 • TRIBUNAL TO BE SET UP 11

  10. Ministry of Domestic Trade, Co-operatives & ConsumerismPlease contact us for further details at:03-88826206 - Mdm. Shila Dorai Raj icc@kpdnkk.gov.my/shila@kpdnkk.gov.my

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