About Us

PRICES & REGULATORY AFFAIRS DIVISION

• The Division is involved with administering Part III , IV and VIII (Regulated Entities, Goods, Services and Contracts) of the ICCC Act 2002.; and
• Administering the Prices Regulation Act (Amended 2000) for declared goods and services; and
• The main functions of this Division include price regulation, licensing, industry regulation and other matters conferred on the Commission by the ICCC Act, Prices Regulation Act or any other Act, including, without limitation, in relation to issuing, administering and enforcing of regulatory contracts ; and
• Promote and protect the bona fide interests of consumers with regard to price, quality and reliability of goods and services, and monitor the operation and review from time to time the regulatory contracts, price paths, codes and rules related to the conduct of the regulated entity and the declared goods and services; and
• To undertake special industry inquiries as and when directed by Treasurer or by Parliament

COMPETITIVE MARKET & FAIR TRADE DIVISION

CMFT's main role is to administer part VI of the ICCC Act. The main functions of which include;

Promotion and protection of fair trading practices and fair market;

Facilitate effective competition and promote competitive market conduct and behaviour;

Prevent the abuse of market power;

Promote economic efficiency in industry structure, investment and business conduct;

Receive and consider applications from individuals or business entities for ICCC clearance or authorization on any business acquisition or merger etc;

Enforce the Competitive Market Conduct Rules which apply to all businesses, including businesses operated by the State and it's agencies.

PRICES REGULATION (GOODS & SERVICES)

The Prices Branch administers goods and services declared under Section 10 of the Prices Regulation Act. Goods and services below are either declared for the purpose of direct price control under Section 21 or price monitoring under Section 32 of the Act.

1.0 Declared Price Controlled Goods
• Flour
• Rice (brown and white)
• Sugar (brown and white)

2.0 Declared Price Monitored/Controlled Services
• Fuel (Petrol, Diesel & Kerosene)
• Public Motor Vehicles (PMVs) and Taxis
• Water & Sewerage
• Stevedoring & Handling charges