Bill 200 — Second Session, 18Th Legislature, 25 Elizabeth Ii the Legislative Assembly of Alberta Bill 200 the Cash Discount Act (Legislature 18, Session 2)

L18 S2 5663

Alberta — Bills

1976 Bill 200 Second Session, 18th Legislature, 25 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 200 THE CASH DISCOUNT ACT MR. TAYLOR First Reading Second Reading Third Reading .............................. . Printed by tilt Queen's Printer for the Province of Alberta, EDMONTON

Bill 200 Mr. Taylor BILL 200 1976 THE CASH DISCOUNT ACT (Assented to , 1976) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1. F.or the purposes of this A'ct, (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 f.inances 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 Corporate Affairs. 2.

(1) Any merchant offering g.oods 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 not less than two per 'Cent less than the price quoted for payment by credit card.

(2) F.or the purposes of this Act ,a person who advertises by any means 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. 3. All merchants shall display in the place where goods or services are being offered to the public a slign stating the price of such goods or services, unless each item bears a price tag or some method of pricing visible to the consumer. 4. 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

General. This Bill gives cash customers a 2 % discount and corrects the present situation where cash customers subsidize credit card customers. 1.

Definitions. 2. Cash discount to be offered from credit card price. 3. Merchant required to display prices. 4. Agreements forbidden which prohibit cash discounts or penalize merchants giving them~

any disadvantage on a merchant who orrers such discount, and any such agreement is void whether entered into before or after the commencement of this Act. 5.

(1) Every merchant and lending institution shall on demand give the Minister access to his books land records so that he may ensure compliance with this Act.

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

section 5(2) and as otherwise necessary for the enforce ment and operation of this Act. 7. 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 One Hundred DoUars and not more than Five Hundred Dollars, and, for 'a second and subsequent ;conviction, to a fine of not less than Five Hundred Dollars and not more than One Thousand Dollars. 8. This Act comes into force on the day upon which it is assented to. 2

5. Minister to have access to documents. 6. Minister empowered to make regulations. 7. 'Offences, penalties. 8. Coming into force. 2 Title: 1976 (18th, 2nd) Bill 200, The Cash Discount Act

Document details

Collection	Alberta — Bills
Citation	L18 S2 5663
Type	bill
Volume / chapter	L18 S2 5663
Language	en
Format	json
Source	PROVINCIAL
Identifier	f2ade196ad940011f7ef6767780c9bef7d9470fd

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