Document ID: chunk:federal_register_of_legislation:C1973A00037:body:0:p6
Version: federal_register_of_legislation:C1973A00037
Segment Type: other
Provision Reference: 
Character Range: 12149–14827

prices of goods or services.
18. (1) A company to which this Act applies shall not supply goods or services of a particular description at a price that is higher than the highest price at which the company supplied goods or services of that description on the same or substantially similar terms and conditions during the immediately preceding month unless—
       (a) a notice in writing stating that the company proposes to supply goods or services of that description at that higher price has been given, as prescribed, to the Tribunal; and

       (b) the prescribed period has expired or the Tribunal has served notice in writing on the company before the expiration of that period stating that the Tribunal does not intend to hold an inquiry as to whether the proposed price is justified.
Penalty: Ten thousand dollars.
(2) A company to which this Act applies shall not supply goods or services of a particular description at any price where it has not previously supplied goods or services of that description, or has not previously supplied goods or services of that description on the same or substantially similar terms and conditions, unless—
       (a) a notice in writing stating that the company proposes to supply goods or services of that description at that price has been given, as prescribed, to the Tribunal; and
       (b) the prescribed period has expired or the Tribunal has served notice in writing on the company before the expiration, of that period stating that the Tribunal does not intend to hold an inquiry as to whether the proposed price is justified.
   Penalty: Ten thousand dollars.
(3) At any time after a company has given a notice to the Tribunal, under this section specifying a price at which the company proposes to supply goods or services and before the Tribunal commences to hold an inquiry as to whether that price is justified—
       (a) the company may give, as prescribed, to the Tribunal a further notice stating that the previous notice is to have effect as if there were substituted for the price specified in that notice such lower price as is specified in the further notice; and
       (b) where a further notice is so given by the company—
          (i) the previous notice by the company has effect in. accordance with the further notice; and
          (ii) if the Tribunal has served notice on the company stating that the Tribunal intends to hold an inquiry as to whether the proposed price is justified—the Tribunal may, by notice in writing served on. the company, withdraw the notice previously served on the company and, in that case, this section has effect as if that notice had not been so served on the company.