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PRICES REGULATION ACT 1948 - SECT 17
Tribunal may require returns to be furnished
17 Tribunal may require returns to be furnished
(1) The Tribunal may, by notice, require any person to furnish to it or to an
authorised officer, within a specified time and in a specified form, a return
setting forth to the best of the person’s knowledge and ability the
following particulars or such of them as are specified in the notice namely:
(a) the quantity of any goods in his or her possession or under his or her
control at a specified date,
(b) the cost to that person of those goods,
(c)
the methods and principles in accordance with which he or she arrives at that
cost,
(d) where the maximum price of the goods has not been fixed in
pursuance of this Act, the prices, wholesale or retail, at which, and
conditions on which, he or she has sold, sells or proposes to sell the goods,
(e) the price, wholesale or retail, charged by the person on such date as the
Tribunal specifies, for the goods and the conditions of any such sale, and
(f) such further particulars as are specified in the notice.
(2) The Tribunal
may, by notice, require any person engaged in the supply or carrying on of any
service to furnish to it, or to an authorised officer, a return setting forth
to the best of the person’s knowledge and ability such particulars relating
to such service as are specified in the notice.
(3) Any notice given under
this section may be either a notice given to such person individually or a
notice to such persons or a class of such persons generally; and such
lastmentioned notice shall be published in the Gazette and in such newspapers
(if any) as the Tribunal directs.
(4) The return shall be verified by
statutory declaration.
(5) Any return furnished by any person under this
section shall, in any proceedings under this Act, be admissible in evidence
against that person.
(6) A person shall not: (a) fail to comply with any
requirements of any such notice, or
(b) wilfully furnish any false or
misleading return.
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