Bill 221 — (Second Session) First Session, 18Th Legislature, 24 Elizabeth..1J· the Legislative Assembly of Alberta Bill 221 the Cash Dis'Count Act (Legislature 18, Session 1)

L18 S1 5563

Alberta — Bills

1975 Bill 221 (Second Session) First Session, 18th Legislature, 24 Elizabeth..1J· THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 221 THE CASH DIS'COUNT ACT MR. TAYLOR First Reading .............................. . Second Reading ............................ . Third Reading ............................. . Printed by the Queen's Printer for the Province of Alberta, EDMONTON

Bill 221 Mr. Taylor BILL 221 1975 (Second Session) THE CASH DIS'COUNT ACT (Asse.nted to , 1975) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1. For the purposes of this Act, (a) "Credit card" means a credit card owned, fran chised, operated or financed by a person other than the merchant accepting its use for payment; (b) "lending institution" means any organization that owns, franchises, operates or finances a credit card; (c) "merchant" means any person owning or operating a retail or wholesale business supplying goods or services for sale or rent; (d) "Minister" means the Minister of Consumer and Corpora te Affairs. 2.

(1) Any merchant offering goods or services for sale or rent and who offers to accept payment therefor by credit card shall at the same time offer to accept payment for such goods or services by cash, certified cheque or money order at a price which is two per cent less than the price quoted for payment by credit card.

(2) Where a merchant agrees to accept payment for goods or services by personal cheque, he shall allow the purchaser the sam'e discount as if the payment were made in cash.

(3) Nothing in this Act shall be deemed to oblige a merchant to accept payment for any goods or services by personal cheque.

(4) For the purposes of this Act a person who advertises by any m'eans or at any place the general acceptance of a credit card at his place of business shall be deemed to be offering any of the goods or services normally sold at or rented from his place of business by credit card.

Explanatory Notes General. This Bill gives cash customers a 2% discount and corrects the present situation where cash customers subsidize credit card customers. I.

Definitions. 2. Cash discount to be offered from credit card price.

a. No person may enter into or continue any agreement with a merchant which purports to forbid the merchant from offering the discount described in

section 2 or places any disadvantage on a m'erchant who 'Offers such discount and any such agreement is void, whether 'entered into before or after the commencement of this Act. 4.

(1) The Minister may demand production of all books and records of any merchant or lending institution in order to find out whether any provision of this Act has been infringed.

(2) The Minister may by regulation delegate the power granted to him in subsection (1) to any employee of the Government. 5. The Minister may make regulations for the purposes of

section 4 subsection (2) and as otherwise necessary for the enforcement and operation of this Act. H. Any merchant or lending institution who infringes any provision of this Act or any regulation made hereunder, is guilty of an offence, and upon

summary conviction shall be liable for a first offence to a fine of not less than $100.00 and not more than $500.00 and, for a second or subsequent conviction, to a fine of not less than $500.00 and not more than $1,000.00. 7. This Act comes into force on the day upon which it is assented to. 2

3. Forbids agreements which prohibit cash discount or penalize merchant giving them. 4. Minister's powers to seize documents. 5. Minister may make regulations. 6. Offences, penalties. 7. Coming into force. 2 Title: 1975 (18th, 1st) Bill 221, The Cash Discount Act

Document details

Collection	Alberta — Bills
Citation	L18 S1 5563
Type	bill
Volume / chapter	L18 S1 5563
Language	en
Format	json
Source	PROVINCIAL
Identifier	33a36d1e9045a81184fb7ce705988034eee6e336

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