1Short title and commencement

1 Short title and commencement (1) This Act may be cited as the Price Exploitation Prevention Act 1949. (2) This Act shall come into operation on a date to be fixed by the Minister by notice in the Gazette. 2 Purposes The purposes of this Act are: (a) to prevent price exploitation arising consequential on the occurrence (whether or not in the Territory) of natural or man- made disasters that may prevent consumers benefiting from the operation of a competitive market; and (b) to prevent price exploitation that may occur because of the apparent failure of other laws to protect consumers from monopolies or to effectively ensure that consumers benefit from the operation of a competitive market within all or a part of the Territory. 4 Interpretation (1) In this Act, unless the contrary intention appears: authorized officer means any person appointed by the Controller or a Deputy Controller to be an authorized officer for the purposes of this Act. declared goods means any goods declared by the Administrator to be declared goods for the purposes of this Act.

Price Exploitation Prevention Act 2 declared service means any service declared by the Administrator to be a declared service for the purposes of this Act. Deputy Controller means any person for the time being occupying the office of Deputy Controller of Prices. price includes every valuable consideration whatsoever, whether direct or indirect. rate includes every valuable consideration whatsoever, whether direct or indirect. service means: (a) any service supplied or carried on by any person or body of persons, whether incorporated or unincorporated, engaged in an industrial, commercial, business, profit making or remunerative undertaking or enterprise (including a professional practice); (b) any rights or privileges for which remuneration is payable in the form of royalty, stampage, tribute or other levy based on volume or value of goods produced; (c) any rights under an agreement for the hiring of goods; (d) any rights under an agreement for the provision of lodging; (e) any rights under an agreement (not being a lease) or a licence for the hiring of a hall; or (f) any benefits under a contract of work and labour, or of work and labour and supply of materials. the Controller means the person for the time being occupying the office, or performing the duties of the office, of Controller of Prices. (2) A person who receives (otherwise than as agent) any valuable consideration from any other person in respect of the enjoyment by that other person of a service shall, for all purposes of this Act, be deemed to supply that service to that other person for the amount or value, or at the rate, as the case may be, of that valuable consideration. (3) Where any agreement (including any lease) has been entered into, whether before or after the commencement of this Act, under which a person has become entitled to rights or privileges specified in paragraph (b), (c), (d) or (e) of the definition of service in subsection (1), the person from whom the rights or privileges have been acquired shall, for the purposes of this Act, be deemed to be