Restrictive Practices (Amendment) Act, 1987
Acts of the Oireachtas
Source: Acts of the Oireachtas

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paragraphs: —(1) This Act may be cited as the Restrictive Practices (Amendment) Act, 1987.
(2) The Principal Act and sections 10 to 23 of this Act may be cited together as the Restrictive Practices Acts, 1972 and 1987, and shall be construed together as one.
(3) The Act of 1978 and sections 24 , 25 and 26 of this Act may be cited together as the Mergers, Take-overs and Monopolies (Control) Acts, 1978 and 1987, and shall be construed together as one.
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paragraphs: —(1) In this Act—
“the Act of 1978” means the Mergers, Take-overs and Monopolies (Control) Act, 1978 :
“the Act of 1980” means the Sale of Goods and Supply of Services Act, 1980 ;
“the Commission” means the Fair Trade Commission;
“the Director” means the holder of the office of Director of Consumer Affairs established by section 9 of the Consumer Information Act,1978 , and known as the Director of Consumer Affairs and Fair Trade by virtue of section 5 (2) of this Act;
“the Examiner” means the Examiner of Restrictive Practices;
“functions” includes powers and duties;
“the Minister” means the Minister for Industry and Commerce;
“the Principal Act” means the Restrictive Practices Act, 1972 .
(2) A reference in this Act to a section is to a section of this Act unless it is indicated that a reference to some other provision is intended.
(3) A reference in this Act to a subsection is a reference to the subsection of the section in which the reference occurs unless it is indicated that a reference to some other provision is intended.
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paragraphs: —The enactments and statutory instruments (within the meaning of the Statutory Instruments Act, 1947 ) specified in the Second Schedule to this Act are hereby repealed or revoked from the commencement of this Act to the extent specified in the third column thereto.
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paragraphs: —This Act shall come into operation on such day as the Minister may by order appoint.
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paragraphs: —(1) The Restrictive Practices Commission shall be known as the Fair Trade Commission.
(2) The office of Director of Consumer Affairs shall be known as the office of the Director of Consumer Affairs and Fair Trade and the holder of the office shall be known as the Director of Consumer Affairs and Fair Trade.
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paragraphs: —(1) The functions vested in the Examiner by the Principal Act and by section 10 of the Act of 1978 are hereby transferred to the Director.
(2) References to the Examiner in the Principal Act or in any order made thereunder and in section 10 of the Act of 1978 and in this Act, except where the context otherwise requires, shall be construed as references to the Director.
(3) Where, immediately before the commencement of this Act, any legal proceedings are pending to which the Examiner is a party and the proceedings have references to functions transferred by this section to the Director, the name of the Director, shall, in so far as the proceedings relate to any functions transferred by this section, be substituted in the proceedings for that of the Examiner or added in the proceedings, as may be appropriate, and the proceedings shall not abate by reason of such substitution.
(4) Anything commenced before the commencement of this Act by or under the authority of the Examiner may, so far as it relates tofunctions transferred by this section to the Director, be carried out and completed on or after such commencement by the Director.
(5) Every document granted or made in the exercise of a function transferred by this section shall, if and in so far as it was operative immediately before the commencement of this Act, have effect on and after such commencement as if it had been made by the Director.
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paragraphs: —(1) The functions vested in the Examiner by the Act of 1978, other than by section 10 of that Act, are hereby transferred to the Commission.
(2) References to the Examiner in the Act of 1978 or in any order made thereunder, other than in section 10 of that Act, shall be construed as references to the Commission.
(3) Where, immediately before the commencement of this Act, any legal proceedings are pending to which the Examiner is a party and the proceedings have references to functions transferred by this section to the Commission, the name of the Commission, shall, in so far as the proceedings relate to any functions transferred by this section be substituted in the proceedings for that of the Examiner or added in the proceedings, as may be appropriate, and the proceedings shall not abate by reason of such substitution.
(4) Anything commenced before the commencement of this Act by or under the authority of the Examiner may, so far as it relates to functions transferred by this section to the Commission, be carried out and completed on and after such commencement by the Commission.
(5) Every document granted or made in the exercise of a function transferred by this section shall, if and so far as it was operative immediately before the commencement of this Act, have effect on and after such commencement as if it had been made by the Commission.
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paragraphs: —(1) Notwithstanding anything in the Principal Act, whenever the Minister considers it expedient, in the interests of the orderly and proper regulation of competition, he may, after consultation with the Commission, the Director and any other Minister of the Government concerned, by order do, in relation to goods and services, all or any of the following:
(a) prohibit restrictive practices including arrangements, agreements or understandings which prevent or restrict competition or restrain trade or the provision of any service or which involve resale price maintenance;
(b) prohibit unfair practices or unfair methods of competition (whether or not relating to price);
(c) make such provision as the Minister thinks necessary to ensure the equitable treatment of all persons in regard to the supply or distribution of goods or the provision of services;
(d) make such other provision in regard to restrictive practices or unfair practices or unfair methods of competition (whether or not relating to price) affecting the supply and distribution of goods or the provision of services as he thinks fit.
(2) The Minister may by order revoke or amend an order under this section.
(3) An order under this section shall not have effect unless it is confirmed by an Act of the Oireachtas but, upon being so confirmed, it shall have the force of law in accordance with its terms.
(4) A person who contravenes (whether by act or omission) any provision of an order under this section for the time being in force shall be guilty of an offence under the Principal Act and the offence shall be deemed for the purposes of section 23 of that Act to be an offence under that Act.
(5) Sections 5,10, 19, 22 and 24 of the Principal Act shall apply to an order made under this section.
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paragraphs: —Notwithstanding anything in this Act or in the Principal Act, the provision of a service, being a service provided under a contract of employment, may not be the subject of fair practice rules under section 4 of the Principal Act, an enquiry under section 5 of that Act, or an investigation under section 14 of that Act except with the prior approval in writing of the Minister given with the consent of the Minister for Labour.
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paragraphs: —Section 1 of the Principal Act is hereby amended by the substitution for the definition of “service” of the following new definition:
“‘service’ includes any professional service but does not include any service provided by a local authority within the meaning of section 2 of the Local Government Act, 1941 .”.
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paragraphs: —Section 4 of the Principal Act is hereby amended by the insertion in subsection (1) after “may” of “on their own initiative or”, and the said subsection (1), as so amended, is set out in the Table to this section.
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(1) The Commission may, on their own initiative or on the recommendation of the Examiner or at the request of an association representing persons engaged either in the supply and distribution of goods or in the provision of services, prepare and publish rules representing, in the opinion of the Commission, fair practice conditions with regard to the supply and distribution of such goods or the provision of such services.
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paragraphs: —Section 5 of the Principal Act is hereby amended by the substitution of the following paragraph for paragraph (a) of subsection (1):
“(a) The Commission shall, on the recommendation of the Examiner or at the request of the Minister, and may, on the application by any person whose request for an enquiry has been refused by the Examiner or on their own initiative, cause an enquiry to be held—
(i) into the conditions which obtain in regard to the supply and distribution of any kind of goods or to one or more aspects of the supply and distribution of one or more kinds of goods,
(ii) into the conditions which obtain in regard to the provision of any service or to one or more aspectsof the provision of one or more kinds of service, or
(iii) into one or more aspects of the operation of an order under section 8.”.
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paragraphs: —Section 6 of the Principal Act is hereby amended by the substitution of the following subsection for subsection (2):
“(2) Where a report has been made by the Director to the Commission under section 14 of this Act on matters which, in the opinion of the Commission, are relevant to a proposed enquiry, a notice given under subsection (1) of this section shall include a statement that a copy of the report may be obtained from the Commission on application by an interested party.”.
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paragraphs: —Section 8 of the Principal Act is hereby amended by the substitution of the following subsection for subsection (4):
“(4) If the Commission, in a report to the Minister, recommend the making of an order and if at the expiration of a period of twelve months after he has received the report the Minister has not made the order, he shall, within twenty-one days after the said period, lay before each House of the Oireachtas a statement in writing giving the reasons why he has not made the order.”.
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paragraphs: —Section 10 of the Principal Act is hereby amended by the substitution in subsection (1) of “, and may, on their own initiative” for “transmitted by the Examiner”, and the said subsection, as so amended, is set out in the Table to this section.
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(1) The Commission shall, on the recommendation of the Examiner or at the request of the Minister, and may, on their own initiative, hold a special review of the operation of an order under section 8.
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paragraphs: —The Principal Act is hereby amended by the insertion in section 12 of the following subsections:
“(2) The Commission may, for the purpose of their functions when conducting a study or analysis under this section, require any person to produce to the Commission any document in his power or control or to give to the Commission any information which the Commission may reasonably require.
(3) Any person who refuses to produce any document in his power or control or to give to the Commission any information which the Commission may reasonably require shall, subject to subsection (4), be guilty of an offence.
(4) (a) Any person of whom a requirement has been made under subsection (2), may apply to the High Court for a declaration under this section.
(b) Any person of whom a requirement has been made under subsection (2) and who refuses to comply with that requirement, may, within 7 days of such refusal, apply to the High Court for a declaration under this section.
(c) The High Court, having heard such evidence as may be adduced and any representations that may be made by the Commission and a person referred to in paragraph (a) of this subsection, may, at its discretion, declare that the exigencies of the common good do not warrant the exercise by the Commission of the powers conferred on them by this section, and upon the making of such a declaration the Commission shall withdraw the relevant requirement under this section.”.
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paragraphs: —The Principal Act is hereby amended by the substitution of the following section for section 14:
“Powers etc. of Director.
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paragraphs: —(1) The Director may and, at the request of the Minister or the Commission, shall—
(a) investigate any aspect of the supply or distribution of goods or of the provision of a service,
(b) investigate any aspect of the operation of an order under this Act,
(c) investigate in the State any aspect of the supply or distribution of goods or the provision of a service by a person outside the State.
(2) The Director may investigate any aspect of the operation of fair practice rules.
(3) Where the Director carries out an investigation under subsection (1) of this section, at the request of the Minister or the Commission, he shall furnish a report of his investigation to the Minister or the Commission as appropriate.
(4) Nothing in this section shall prevent the Director from furnishing the Minister or the Commission with a report of any investigation carried out by him under this section.”.
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paragraphs: —Section 15 of the Principal Act is hereby amended by—
(a) the insertion in subsection (1) of section 15 after “functions” of “or the Commission of any of their functions” and the said subsection as so amended is set out in the Table to this section,
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(1) For the purpose of obtaining any information necessary for the exercise by the Examiner of any of his functions or the Commission of any of their functions under this Act, an authorised officer may, on production of his authorisation if so required—
(a) at all reasonable times enter and inspect premises at which any activity in connection with the business of supplying or distributing goods or providing a service, or in connection with the organisation or assistance of persons engaged in any such business, is carried on,
(b) require the person who carries on such activity and any person employedin connection therewith to produce to the authorised officer any books, documents or records relating to such activity which are in that person's power or control, and to give to the authorised officer such information as he may reasonably require in regard to any entries in such books, documents and records,
(c) inspect and copy or take extracts from any such books, documents and records,
(d) require a person mentioned in paragraph (b) to give to the authorised officer any information he may require in regard to the persons carrying on such activity (including in particular, in the case of an unincorporated body of persons, information in regard to the membership thereof and its committee of management or other controlling authority) or employed in connection therewith,
(e) require a person mentioned in paragraph (b) to give to the authorized officer any information which the officer may reasonably require in regard to such activity.
and
(b) the substitution of the following subsection for subsection (6):
“(6) In this section ‘authorised officer’ means a person authorised in writing by the Director or by a member of the Commission for the purposes of this Act.”.
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paragraphs: —Section 18 of the Principal Act is hereby amended by the substitution of the following subsection for subsection (1):
“(1) The Minister shall lay before each House of the Oireachtas a copy of the report made by the Commission of every enquiry under section 5 or section 9 and of every special review under section 10 within four months of the receipt by him of such report.”.
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paragraphs: —Section 19 of the Principal Act is hereby amended by the insertion after “motion” of “of the Director or” and the section, as so amended, is hereby set out in the Table to this section.
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paragraphs: It shall be lawful for a court of competent jurisdiction to grant an injunction on the motion of the Director or of the Minister or of any other person to enforce compliance with the terms of an order under section 8 for the time being in force notwithstanding that any other proceedings, civil or criminal, may lie for that purpose.
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paragraphs: —The Principal Act is hereby amended by the substitution of the following section for section 23:
“23.—(1) Every person who commits an offence under this Act for which no special penalty is provided shall—
(a) on summary conviction, be liable to a fine not exceeding £500 (together with, in the case of a continuing offence, a fine not exceeding £50 for every day on which the offence is continued) or, at the discretion of the Court, to imprisonment for a term not exceeding six months or to both such fine and such imprisonment, or
(b) on conviction on indictment, be liable to a fine notexceeding £10,000 (together with, in the case of a continuing offence, a fine not exceeding £1,000 for every day on which the offence is continued) or, at the discretion of the Court, to imprisonment for a term not exceeding two years or to both such fine and such imprisonment.
(2) (a) Where a person is convicted of an offence under this Act by reason of his failure, neglect or refusal to comply with a provision in an order requiring him to perform a specified act within a specified period or before a specified date, and the said act remains, after the date of such conviction, unperformed by him, such person shall be guilty of an offence and shall be liable on summary conviction to a fine not exceeding £50 for each day, after the date of such first-mentioned conviction, on which the act remains unperformed by him or, at the discretion of the Court, to imprisonment for a term not exceeding six months.
(b) An offence under this subsection shall be a continuing offence and accordingly fresh proceedings in respect thereof may be taken from time to time.”.
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paragraphs: —Section 24 of the Principal Act is hereby amended by—
(a) the substitution in subsection (1) of “the Director” for “the Minister” and the subsection, as so amended, is set out in the Table to this section, and
(b) the substitution in subsection (2) of “eighteen months” for “twelve months”, and the subsection, as so amended, is set out in the Table to this section.
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(1) Summary proceedings in relation to an offence under this Act may be prosecuted by the Director.
(2) Notwithstanding section 10 (4) of the Petty Sessions (Ireland) Act, 1851 , summary proceedings for an offence under this Act may be instituted within eighteen months from the latest day on which the offence was committed.
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paragraphs: —The First Schedule to the Principal Act is hereby amended—
(a) in paragraph 5 by—
(i) the substitution in subparagraph (1) of “their terms” for “its terms”,
(ii) the deletion in subparagraph (1) of “non-contributory”,
(iii) the insertion in subparagraph (1) of “or schemes” after “scheme”,
(iv) the insertion in subparagraph (2) of “or schemes” after “scheme”, and
(b) in paragraph 9 by the insertion in subparagraph (1) of the words “or by any other Act conferring powers, duties and functions on the Commission” after “Act”,
and the said subparagraphs as so amended are set out in the Table to this section.
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paragraphs: (1) The Minister shall, with the consent of the Minister for Finance, as soon as may be make and carry out according to their terms a scheme or schemes for the granting of pensions, gratuities or other allowances to or in respect of members of the Commission ceasing to hold office other than members in respect of whom an award under the Superannuation Acts, 1834 to 1963, may be made.
(2) In the case of a member of the Commission who was appointed a member of the Fair Trade Commission on the 26th day of November, 1969, and who had before such appointment been a member of the Industrial Development Authority, a scheme or schemes under this paragraph shall provide for reckoning, as service as a member of the Commission, service by such person in a pensionable capacity as a member of the Industrial Development Authority.
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paragraphs: (1) No person shall disclose information available to him by virtue of the powers of obtaining information conferred by this Act or by any other Act conferring powers, duties and functions on the Commission or through being present at a meeting of the Commission held in private.
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paragraphs: —Section 1 of the Act of 1978 is hereby amended by the substitution for the definition of “service” of the following new definition:
“‘service’ includes any professional service, but does not include—
(i) any service provided by the holder of a licence under section 9 of the Central Bank Act, 1971 ,
(ii) any service provided by a trustee savings bank certified under the Trustee Savings Banks Acts, 1863 to 1965,
(iii) any service provided under a contract of employment,
(iv) any service provided by a local authority within the meaning of section 2 of the Local Government Act, 1941 .”.
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paragraphs: —Section 8 of the Act of 1978 is hereby amended by the insertion of the following subsection:
“(4) The Commission may, for the purpose of this section, delegate one or more of their members to carry out an investigation and to report thereon in accordance with this section and may make different delegations for different investigations and may revoke a delegation.”.
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paragraphs: —Section 13 of the Act of 1978 is hereby amended by—
(a) the insertion in paragraph (a) of subsection (1) after “motion” of “of the Director or”, and the said paragraph, as so amended, is set out in the Table to this section, and
(b) the substitution in paragraph (a) of subsection (5) of “the Director” for “the Minister”, and the said paragraph as so amended is set out in the Table to this section.
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(1) (a) It shall be lawful for a court of competent jurisdiction to grant an injunction on the motion of the Director or of the Minister or of any other person to enforce compliance with the terms of an order under section 9 or 11 for the time being in force.
(5) (a) Summary proceedings in relation to an offence under this section may be prosecuted by the Director.
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paragraphs: — Section 2 of the Prices Act, 1958 , is hereby amended by the insertion after the definition of “authorised officer” of the following definition “‘the Director’ means the holder of the office of Director of Consumer Affairs established by section 9 of the Consumer Information Act, 1978 ; and known as the Director of Consumer Affairs and Fair Trade by virtue of section 5 (2) of the Restrictive Practices (Amendment) Act, 1987;”.
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paragraphs: — Section 24 (as amended by the Prices (Amendment) Act, 1965 ) of the Prices Act, 1958 , is hereby amended by the insertion in subsection (1) after “the Minister” of “or the Director”, and the subsection, as so amended, is set out in the Table to this section.
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(1) An authorised officer may, for the purpose of obtaining any information which the Minister or the Director may require for enabling him to exercise his functions under this Act, do any one or more of the following things—
(a) at all reasonable times enter premises at which any activity in connection with the business of manufacturing or processing or packaging or supplying or distributing commodities or the business of rendering a service or carrying out work or a process or in connection with the organisation or assistance of persons engaged in any such business is carried on, and inspect the premises,
(b) require the person who carries on such activity and any person employed in connection therewith to produce to him any books, documents or records relating to such activity which are in that person's power or control and to give him such information as he may reasonably require in regard to any entries in such books, documents or records,
(c) inspect and copy or take extracts from such books, documents or records,
(d) require such person to give to him any information he may reasonably require in regard to the persons carrying on such activity (including, in particular, in the case of an unincorporated body of persons, information in regard to the membership thereof and of its committee of management or other controlling authority) or employed in connection therewith,
(e) require such person to give to him any other information which he may reasonably require in regard to such activity.
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paragraphs: — Section 28 of the Prices Act, 1958 , is hereby amended by the insertion in subsection (1) after “the Minister” of “or the Director” and the said subsection as so amended is set out in the Table to this section.
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(1) Proceedings in relation to an offence under any section of this Act may be brought and prosecuted by the Minister or the Director.
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paragraphs: —The Consumer Information Act, 1978 is hereby amended by—
(a) the substitution for subsection (1) of section 13 of the following subsection:
“(1) Where an advertisement in relation to the supply or provision of any goods, services, accommodation or facilities is published and does not include the name and address of the person who procured such publication or his agent, the publisher of the advertisement, shall, if the Director or an officer of the Minister so requests within 12 months of the publication of the advertisement, give to the Director or officer the name and address of such person or his agent.”,
(b) the substitution for section 16 of the following section:
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paragraphs: —Section 40 of the Act of 1980 is hereby amended by the deletion of paragraph (a) in subsection (5).
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paragraphs: —(1) The Act of 1980 is hereby amended by the substitution of the following section for section 55:
“55. (1) The Director of Consumer Affairs and Fair Trade shall have the following additional functions—
(a) to keep under general review practices or proposed practices in relation to any of the obligations imposed on persons by any provision of this Act or the Act of 1893,
(b) to carry out examinations of any such practices or proposed practices where the Director considers that, in the public interest, such examinations are proper or the Minister so requests,
(c) to request persons engaging in or proposing to engage in such practices as are, or are likely to be, contraryto the obligations imposed on them by any provision of this Act or the Act of 1893 to discontinue or refrain from such practices,
(d) to institute proceedings in the High Court for orders requiring persons engaging or proposing to engage in any practices as are, or are likely to be, contrary to the obligations imposed on them by any provision of this Act or the Act of 1893, to discontinue or refrain from such practices.
(2) The Minister may by order confer on the Director of Consumer Affairs and Fair Trade such further functions as he considers appropriate for the purposes of this Act.”.
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paragraphs: —(1) The Consumer Information Act, 1978 , is hereby amended by the substitution for paragraph (a) of subsection (4) of section 26 of the following paragraph:
“(4) (a) Every order made under section 9 , 10 , 11 or 12 of this Act, or under paragraph (b) of this subsection, shall be laid before each House of the Oireachtas as soon as may be after it is made, and if a resolution annulling the order is passed by either House, within the next twenty-one days on which that House has sat after the order has been laid before it, the order shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder.”.
(2) Section 5 of the Act of 1980 is hereby amended by the substitution for subsection (2) of the following subsection:
“(2) Every order made under this Act shall be laid before each House of the Oireachtas as soon as may be after it is made, and if a resolution annulling the order is passed by either House, within the next twenty-one days on which that House has sat after the order has been laid before it, the order shall be annulled accordingly but without prejudice to the validity of anything previously done thereunder.”.
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paragraphs: — Section 31 of the Merchandise Marks Act, 1931 , is hereby amended by the substitution for subsection (4) of the following subsection:
“(4) Nothing in this section shall operate to affect the power of any person (other than the Minister for Agriculture) to prosecute in respect of any offence under the Principal Act or an offence under this Act.”.
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paragraphs: —(1) A prosecution for a summary offence under the Acts or the Regulations specified in the First Schedule to this Act may be brought and prosecuted by the Director.
(2) The powers of prosecution conferred on the Director by subsection (1) shall be deemed to be functions of the Director for the purposes of sections 9 and 16 of the Consumer Information Act, 1978 .
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paragraphs: —(1) Subject to subsection (2), no person shall disclose information available to him by virtue of the functions conferred on him by the Consumer Information Act, 1978 , the Act of 1980, or any of the enactments or Regulations specified in the First Schedule to this Act.
(2) Subsection (1) does not apply to—
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paragraphs: —If any person makes a false statement, knowing it to be false, to the effect that—
(a) he is an authorised officer within the meaning of section 16 of the Consumer Information Act, 1978 , or section 23 of the Prices Act, 1958 , or section 15 of the Principal Act (as inserted by section 18 of this Act), or
(b) he has authority to act for or on behalf of the Minister or the Director or the Commission,
he shall be guilty of an offence and shall be liable on summary conviction thereof to a fine not exceeding £800.
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paragraphs: —The Consumer Information Act, 1978 , is hereby amended by the insertion after section 9 of the following section:
“9A. (1) The Minister may, with the concurrence of the Minister for Finance, make a scheme or schemes for the granting of pensions, gratuities and other allowances on retirement or death to or in respect of a Director ceasing to hold office, other than a Director in respect of whom an award under the Superannuation Acts, 1934 to 1963, may be made.
(2) A scheme or schemes made under this section shall fix the time and conditions of retirement for all persons to or in respect of whom pensions, gratuities or allowances on retirement or death are payable under the scheme or schemes.
(3) The Minister, with the concurrence of the Minister for Finance, may amend a scheme made by him under this section.
(4) If any dispute arises as to the claim of any person to or the amount of any pension, gratuity or allowance payable in pursuance of a scheme under this section, such dispute shall be submitted to the Minister for Finance.
(5) Every scheme submitted and approved of under this section shall be laid before each House of the Oireachtas as soon as may be after it is approved of and if either House, within the nexttwenty-one days on which that House has sat after the scheme is laid before it, passes a resolution annulling the scheme, the scheme shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder.”.
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paragraphs: —(1) Subject to subsection (2), any person who sells or exposes for sale or offers for sale any goods by weight, measure or number shall be guilty of an offence if the quantity of goods sold, exposed for sale or offered for sale is less than that purported to be sold, exposed for sale or offered for sale or than corresponds with the price charged on the basis of—
(i) the total price to be paid for the goods;
(ii) the stated price per number or unit of measurement, as the case may be, used to determine the total price.
(2) This section shall not apply to goods which are packed in accordance with the provisions of the Packaged Goods (Quantity Control) Act, 1980 .
(3) A person guilty of an offence under subsection (1) shall be liable on summary conviction to a fine not exceeding £800 or, at the discretion of the court, to imprisonment for a term not exceeding 6 months, or to both the fine and the imprisonment.
(4) An inspector may at all reasonable times enter any place or premises where he has reasonable cause to believe that any goods are sold or exposed for sale or offered for sale by weight, measure or by number and may weigh, measure, count or otherwise examine such goods for the purpose of ensuring compliance with this section.
(5) Any proceedings for a summary offence under this section may be brought and prosecuted by an inspector.
(6) In this section “an inspector” means an inspector appointed under—
(a) section 43 of the Weights and Measures Act, 1878; or
(b) section 81 (as amended by section 19 of the Weights and Measures Act, 1889) of the Weights and Measures Act, 1878.
num: 40
paragraphs: —All courts shall take judicial notice of the signature of the Director and the signature of a member of the Commission and every document purporting to be a warrant or authority signed by the Director or signed by a member of the Commission shall be received in evidence and shall be deemed to be such warrant or authority without further proof until the contrary is shown.
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paragraphs: —(1) Section 15 (as amended by section 18 of this Act and as applied by section 8 (3) of the Act of 1978) of the Principal Act and section 16 (as amended by section 30 of this Act) of the Consumer Information Act, 1978 , shall not apply to accounts maintained by a financial institution.
(2) Whenever—
(a) the Director considers it necessary for the exercise by him of any of his functions, or
(b) the Commission consider it necessary for the exercise by them of any of their functions,
to examine accounts maintained by a financial institution, the Director or the Commission, as the case may be, may apply to the High Court for an order under this section.
(3) Whenever the High Court is satisfied that it is reasonable to do so and is satisfied that the exigencies of the common good so warrant, it may make an order authorising an authorised officer—
(a) at all reasonable times to enter and inspect any premises of a financial institution where he reasonably believes that there are accounts maintained by it,
(b) to require any director of or person employed by the institution to produce to him any specified accounts maintained by it that are in the power or control of that person or director and to give to the officer any information that he may reasonably require in regard to the accounts, and
(c) to inspect and make copies of or take extracts from such accounts,
subject to such conditions (if any) as it thinks proper and specifies in the order.
(4) (a) In this section references to accounts maintained by a financial institution shall be construed as references to any accounts maintained by or for or on behalf of any person in the institution, either solely or jointly with another person or persons, or any books, documents or other records maintained by it relating to such accounts;
(b) in this section—
“authorised officer” means, as may be appropriate, an authorised officer within the meaning of section 15 (6) (as amended by section 18 of this Act and applied by section 8 (3) of the Act of 1978) of the Principal Act or an authorised officer within the meaning of section 16 (as amended by section 30 of this Act) of the Consumer Information Act, 1978 ;
“books” means—
(i) bankers' books within the meaning of the Bankers' Books Evidence Acts, 1879 and 1959, and
(ii) records and documents of persons referred to in section 7 (4) of the Central Bank Act, 1971 ;
“director” includes any person occupying the position of director by whatever name called;
“financial institution” means—
(i) a person who holds or has held a licence under section 9 of the Central Bank Act, 1971 , and
(ii) a person referred to in section 7 (4) of that Act;“records”, for the avoidance of doubt, includes records recorded and stored electronically.