Competition Act 2002
Alteration of certain monetary amounts.
27.—(1) The Minister may make an order once, and once only, in each year, beginning with the year following the year in which this section is commenced, amending subsection (1)(a) of section 18 by substituting for the monetary amount standing specified in subparagraph (i) or F58[(ii)] of that provision for the time being a monetary amount that is greater than that amount.
(2) In making an order under subsection (1), the Minister shall have regard to, and only to, such economic data as the Minister considers to be relevant to the purpose.
(3) Every order under this section shall have effect on and from the date on which it is made and shall be laid before each House of the Oireachtas as soon as may be after it is made; if a resolution confirming the order is not passed by each such House within the next 21 days after that House has sat after the order is laid before it, the order shall lapse, but without prejudice to the validity of anything previously done thereunder.
Substituted (31.10.2014) by Competition and Consumer Protection Act 2014 (29/2014), s. 62, S.I. No. 366 of 2014, subject to transitional provisions in s. 6.
Power pursuant to subs. (1) exercised (1.01.2019) by Competition Act 2002 (Section 27) Order 2018 (S.I. No. 388 of 2018), in effect as per art. 2.