Acts Online
GT Shield

Competition Act, 1998 (Act No. 89 of 1998)

Notices

Determination of thresholds in terms of Section 11(1)

Method of Calculation

1. Generally accepted accounting practices apply

 

For the purposes of section 11 of the Act, the assets, and the turnover, of a firm must be calculated in accordance with South African generally accepted accounting practice ("G.A.A.P."), subject only to the following provisions of this notice.