Minister: Anti-scalping provisions to be added to Price Control Act
KUALA LUMPUR, Oct. 13 -- The Ministry of Domestic Trade and Cost of Living is "actively" working on a dedicated legal framework to combat ticket scalping, with new regulations expected to take effect as early as next year, Parliament was told this morning.
Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali said anti-scalping provisions could be inserted under Section 15(1) of the Price Control and Anti-Profiteering Act, which grants authority to introduce measures curbing unfair pricing and resale practices.
"The ministry is currently engaging in engagement sessions with event organisers and conducting benchmarking studies with the objective and intention of establishing a legal framework," he said during Question Time.
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