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National Incomes and Pricing Commission Amendment Bill, 2010
Parliament of Zimbabwe
November 05, 2010

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NATIONAL INCOMES AND PRICING COMMISSION AMENDMENT BILL, 2010

MEMORANDUM

The purpose of this Bill is to amend the National Incomes and Pricing Commission Act [Chapter 14:32] to provide for the establishment and the composition of a National Incomes and Pricing Board. The Bill also seeks to repeal the institution of inspectors and reintroduce them in the Control of Goods Act [Chapter 14:05].

Clause 1 sets out the short title.

Clause 2 provides for the amendment to section 2 of the National Incomes and Pricing Commission Act [Chapter 14:32] which defines "Commission". This amendment seeks to repeal the definition of "Commission" and substitute it with "Board". This clause also seeks to repeal the definition of "Commissioner" and substitute it with that of "member".

Clause 3 and 4 provide for the establishment of the National Incomes and Pricing Board and its composition.

Clause 5 provides for the repeal of section 5(c) which provides for the powers of the Commission to approve price adjustments of price monitored goods and prices and industry mark-ups.

Clause 6 provides for the repeal of Part IVA of the National Incomes and Pricing Commission Act [Chapter 14:32] which provides for the Control of Incomes and service charges.

Clause 7 provides for the chairpersons' power to obtain information that will assist the Board in the exercise of its functions.

Clause 10 provides for the amendment to the Control of Goods Act [Chapter 14:05] and Control of Goods (Price Control) Regulations, 2001 published in Statutory Instrument 334 of 2001 which deals with price controls. The Control of Goods Act is amended to the extent that the definition of "Commission" is repealed and is substituted with that of "Board". The Statutory Instrument is amended in section 2 by the insertion of the definition of "Inspectors". It is also amended by the insertion of a new section 30 which provides for the appointment of these inspectors.

The Schedule provides for the minor amendments.

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