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Consumer protection Act (68/2008): Determination of threshold in terms of the Act (Gazette No. 33621 – Notice 898)

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  • Consumer protection Act (68/2008): Determination of threshold in terms of the Act (Gazette No. 33621 – Notice 898)
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In terms of section 6(1) of the Consumer protection Act, 2008 (Act No. 68 of 2008) ("the Act"), the Minister of the Department of Trade and Industry, by notice in the Gazette, must determine a monetary threshold applicable to the size of the juristic person for the purposes of the section 5(2) (b). In terms of section 5(2)(b) thereof, the Act does not apply to any transaction in terms of which the consumer is a juristic person whose asset value or annual turnover, at the time of the transaction equals or exceeds the threshold value determined by the Minister in terms of section 6.

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