Section 7Part 3 — Request to the Commission for Price Increases During a Declared State of Emergency or During a Period Following a Natural Disaster
Request for increase in price of commodities
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Notwithstanding section 4(1), a person may increase the price or charge for any commodity during a period of emergency or such other period as is specified in section 4(1) by an amount which may otherwise be deemed unconscionable in accordance with section 4(3); and in order to effect such increase he shall give notice in writing to the Commission of his intention to increase the price or charge for any commodity and the amount of such increase.
When notice of intention to increase prices or charges to which subsection (1) applies has been duly given to the Commission those prices or charges shall not be increased otherwise than —
in the event of the Commission giving a direction under section 8 within a period of seven days beginning with the date on which that notice of intention was given, to the extent and in such amount as may be permitted by the direction; and
in any other case, until the expiration of the said period of seven days.
Cross References
- Section 4 of Price Gouging Control Emergency Circumstances Act
section 4(1), section 4(3)