S.L. 117.15 Art. 2Interpretation.

(1) In these regulations, and in any order made thereunder, unless the context otherwise requires -

"Act" means the Supplies and Services Act;

"commodity" means any article which is ordinarily sold to the public, but does not include any produce which is cultivated or grown locally by a farmer or is derived from local husbandry, nor imported fruit or vegetables or imported fresh fruit;

"C.I.F. value" means and shall be deemed to have always meant the C.I.F value in euro established for Customs purposes or for import duty purposes;

"Director" means the Director of Trade and, to the extent he is so authorised, includes any person authorised by the Director of Trade to exercise any the powers and duties conferred on the Director by these Regulations; "fixed" in relation to a price, means fixed in accordance with these Regulations; "Gazette" means the Malta Government Gazette; "Minister" means the Minister responsible for trade;

"purchase" means the acquisition of any commodity by any onerous title but does not include the importation of goods from any place abroad; "sale" includes any disposal under any onerous title whatsoever;

"trader" includes any wholesaler, retailer, manufacturer, importer or the person who deals or is concerned in or performs any act of commerce relating to the sale, manufacture, exchange or disposal of commodities.

(2) For the purposes of these regulations, the price of a commodity shall be deemed to be unreasonable if -

(a) in respect of a sale by a local manufacturer or an importer to a wholesaler, the profit exceeds ten per cent of the ex-factory price or the import duty paid cost of the commodity as provided in regulation 3(3)(i);

(b) in respect of a sale by a local manufacturer or an importer to a retailer, the profit exceeds fifteen per cent of the ex-factory price or the import duty paid cost of the commodity as provided in regulation 3(3)(i);

(c) in respect of a sale by a wholesaler to a retailer, the profit exceeds ten per cent of the price at which the wholesaler purchased the commodity without the addition of any charge;

(d) in respect of a sale by a retailer to a consumer, the profit exceeds twenty per cent of the price at which the retailer purchased the commodity without the addition of any charge.