What is competition and Consumer Commission?
CCCS enforces the Competition Act 2004, and has broad legal powers to investigate and penalize infringing parties. It now enforces the Consumer Protection (Fair Trading) Act, which protects consumers against unfair trade practices in Singapore.
What is competition law Singapore?
The Competition Act was enacted to provide a generic competition law to protect consumers and businesses from anti-competitive practices of private entities. The Competition Act has three prohibitions. Access the Competition Act 2004 via the Singapore Statutes Online.
Who represents CCCS?
On 1 April 2018, CCS was renamed the Competition and Consumer Commission of Singapore (“CCCS”) and took on an additional function of administering the Consumer Protection (Fair Trading) Act (Chapter 52A).
How do I file a complaint against a company in Singapore?
If you have supporting documents, download CCCS’s Complaint Form and email the completed form together with the supporting documents to [email protected]. Please indicate “COMPLAINT” in the subject header. You may contact us at 1800 325 8282. For calls from overseas, please contact us at (65) 6325 8282.
Is competition always desirable?
(R 1) Some argue that competition is always desirable, because it can incite self-growth. Competitors have no choice but to become better. Through competition, everyone from the winners to the losers, would have had experienced certain degree of growth. For that alone, all can be considered to benefit from competition.
What are the Offences and penalties under Competition Act?
(2) If any person, without reasonable cause, fails to comply with the orders or directions of the Commission issued under Sections 27, 28, 31, 32, 33, 42-A and 43-A of the Act, he shall be punishable with fine which may extend to rupees one lakh for each day during which such non-compliance occurs, subject to a maximum …
Which is Competition Act applicable?
Competition laws is equally applicable on written as well as oral agreement, arrangements between the enterprises or persons. between enterprises which have or are likely to have an appreciable adverse effect on competition in market(s) in India.
What are the functions of Competition Commission?
It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India.
What is Lemon Law Singapore?
Under the Lemon Law, businesses are obligated to repair, replace, reduce the price or provide a refund for a defective good. The Lemon Law covers all general consumer products purchased in Singapore (e.g. apparel, stationery, electronics, furniture, motorcars, etc).
What is the purpose of CCCS?
Consumer Credit Counseling Services (CCCS) offer assistance with budgeting, debt management plans, and financial education. A legitimate CCCS agency is a member of the National Foundation for Credit Counseling and receives accreditation through the Council on Accreditation.
What are the Competition Act guidelines?
The Competition Act has three prohibitions. The regulations and orders are made pursuant to the powers conferred under the Competition Act (Chapter 50B). Guidelines are intended to help businesses understand how the CCCS will administer and enforce infringements of the prohibitions in the Act.
Where can I find the CCCS guideline on the major competition provisions?
The CCCS Guideline on the Major Competition Provisions contains a summary of all the guidelines that CCCS has issued. You can find it on the CCCS website. If you are unable to find an answer to your query, please submit your Feedback to let us know how we can help you.
What is the purpose of the competition and Consumer Commission Supervision Act?
It provides a conceptual and analytical framework for CCCS in its analysis and evaluation of cases. It also provides transparency and greater clarity to businesses on how CCCS will interpret and implement the competition law regime. The application of a set of CCCS guidelines will depend on the specific facts and circumstances of a particular case.
What is Section 54 of the Singapore Competition Act 2020?
3. mergers and acquisitions that substantially lessen competition (” the section 54 prohibition “). On 20 July 2020, CCCS issued a guidance note to provide businesses with more clarity on collaborations between competitors in relation to the supply of essential goods or services in Singapore:
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