Consumer Protection Act, 2008 (Act No. 68 of 2008)

Chapter 1 : Interpretation, Purpose and Application

Part B : Purpose, policy and application of Act

6. Threshold determination
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1)On the early effective date as determined in accordance with item 2 of Schedule 2, and subsequently at intervals of not more than five years, the Minister, by notice in the Gazette, must determine a monetary threshold applicable to the size of the juristic person for the purposes of section 5(2)(b).

 

2)The initial threshold determined by the Minister in terms of this section takes effect on the general effective date as determined in accordance with item 2 of Schedule 2, and each subsequent threshold takes effect six months after the date on which it is published in the Gazette.