Sat, 20 Apr 2024

HEADLINES :


Four professional bodies have dismantle scale of fees: MyCC
Published on: Wednesday, May 27, 2015
Text Size:

Kuala Lumpur: The Malaysia Competition Commission (MyCC) has confirmed that the four professional bodies that were issued with directives to dismantle their scale of fees have done so. They are The Malaysian Institute of Arbitrators, the Malaysian Institute of Architects, the Malaysian Dental Association, and the Institute of Landscape Architects Malaysia, MyCC said in a statement.

"These professional bodies have all implemented the requirements set by the MyCC to confirm that they have dismantled their scale of fees.

"They have also announced that their scale of fees have been dismantled and are no longer applicable in order to comply with the Competition Act 2010," it added.

It is generally accepted by most competition authorities around the world that the setting of fees by professional bodies which are to be followed by their members could contravene competition law.

"Other bodies and/or trade associations which do not have legal basis to set scale of fees ought to follow the good examples of these four bodies in order to comply with the Act," Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hasan Malek said. – Bernama




Related News


ADVERTISEMENT






Top Stories Today

Business Top Stories


Follow Us  



Follow us on             

Daily Express TV  







close
Try 1 month for RM 18.00
Already a subscriber? Login here
open

Try 1 month for RM 18.00

Already a subscriber? Login here