No. |
Item |
2019 |
2020 |
1 |
Number of Cheap Sales Allowed in A Year |
The total number of sales at cheap sale price allowed shall not exceed 4 times in any calendar year of which: (a) 3 times shall be determined by the Controller; and (b) remaining quota at the choice of the applicant.
|
There is no limit of cheap sale per calendar year, as long as the cheap sale notice is submitted 1 day in advance in the system. |
2 |
Submission of Cheap Sale Notice Application |
14 days before the 1st day of the sale. |
Submission is exempted for sale period less than 3 days. Beyond 3 days, notice must be submitted 1 day before 1st day of the sale.
|
3 |
Display of Cheap Sale Notice |
Notice must be displayed throughout the sale period. |
Notice is not necessarily displayed, but to be kept in the premises.
|
4 |
Number of Items on Sale |
Minimum 50% from total items in the premises are on sale.
|
Not applicable. |
5 |
Cheap Sale Advertisement |
Cheap Sale Application Number, Cheap Sale Period and Ministry Logo must be included in the advertisement.
|
Only Cheap Sale Period is stated in the advertisement. |
6 |
Sale Record |
Maintain true & accurate record of cheap sale price for the last 6 months in the premise.
|
Status quo. |
7 |
Sale Period |
30 days at best, except gazetted sales. |
31 days in a row. Traders who wish to have cheap sale more than 31 days must offer cheaper price for goods were previously supplied (of the same description in the same premises).
|
8 |
Indication of Price |
Premise shall indicate the base price (before discount) and discounted price (after discount).
Base price is based on the lowest price that is offered by the company/ business within the last 3 month for 28 subsequent days.
|
Status quo.
Base price is based on the latest normal priced items which were offered in the previous cheap sale. |
9 |
Minimum Discount |
Minimum 10% cheaper compared to previous price.
|
Not applicable. |
10 |
Cheap Sale Stock |
Maintain a reasonable stock of goods for such purpose.
|
Status quo. |
11 |
Misleading Cheap Sale Information |
Not applicable. |
Any false or misleading statement in any cheap sale advertisement is held responsible under Trade Descriptions (Cheap Sale Price) (Amendment) Regulations 2019.
|
Clik here to to view the detailed amendment of Trade Descriptions (Cheap Sale Price) Regulation 2019.