Copyright Act, 1978 (Act No. 98 of 1978)RegulationsCopyright Regulations, 1978Chapter 2 : Sound Recording Royalties12. Retail selling price |
The "retail selling price of a record" shall mean—
| (a) | the manufacturer's bona fide recommended retail selling price, less any tax or duty, or both, imposed by a Government authority; or |
| (b) | if there is no recommended manufacturer's retail selling price, then the manufacturer's highest published wholesale list price of that type of record, less Government tax or duty, or both included therein plus 50 per cent thereof; or |
| (c) | if there is an agreement in existence between the manufacturer and the copyright owner defining the retail selling price, than such agreed price shall apply. |