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Note: This Section provides you with an online version of the the Fair Competition Act (FCA). The marginal notes have been omitted from this version. For a copy of the entire document in PDF format, including the amendments and regulations click here. You will need Acrobat Reader software to view this document; download this software free from Adobe.


PART (IX) GENERAL


51. Exemption from income tax, stamp duties, transfer tax and customs duty.

(1) The income of the Commission shall be exempt from income tax.

(2) The Commission shall be exempt from stamp duty on all instruments executed by it or on its behalf.

(3) There shall be exempt from taxation under the Transfer Tax Act any transfer by the Commission of property belonging to it or interest created in, over or otherwise with respect to any such property.

(4) No customs duty or other similar impost shall be payable upon any article imported into Jamaica, or taken out of bond in Jamaica, by the Commission, and shown to the satisfaction of the Commission of Customs to be required for the use of the Commission in the performance of its functions under this Act.

 

52. Regulations

The Commission may, with the approval of the Minister, make regulations generally for giving effect to the provisions of this Act and, without prejudice to the generality of the foregoing, may make regulations-

(a) prescribing the procedure to be followed in respect of applications and notices to, and proceedings of, the Commission;

(b) prescribing any other matters which are required by this Act to be prescribed.

 

53. Powers of the Commission to prohibit disclosure of information, documents and evidence.

(1) The Commission may prohibit the publication or communication of any information furnished or obtain, documents produced, obtained or tendered, or evidence given to the Commission in connection with the operations of the Commission.

(2) Every person who publishes or communicates any such information, documents or evidence the publication of which is prohibited by the Commission under subsection (1) is guilty of an offence and liable on summary conviction before a Resident Magistrate to a fine not exceeding on hundred thousand dollars or to imprisonment for a term not exceeding two years or to both such fine and imprisonment.

 

54. Application to the Crown.

Subject to any provision to the contrary in or under this or any other Act, this Act binds the Crown.




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