MyCC hopes to examine new evidence in case against PIAM


PETALING JAYA: The Malaysia Competition Commission (MyCC) will review all evidence, including Bank Negara Malaysia (BNM)’s statement, before making a final decision on the case against the General Insurance Association of Malaysia (PIAM).

MyCC chairman Tan Sri Siti Norma Yaakob said the commission hopes to review new evidence during the representation process, which it was not presented with earlier.

"We hope (PIAM and BNM) will be able to give us fresh evidence... evidence that we never had the chance to consider in the first place," she told reporters at the Malaysia Competition Conference 2017 held at the Sunway Resort Hotel and Spa here today.

Siti Norma said MyCC will also consider the central bank's statement on the matter during the review process.

"That is the purpose of the (review). We have to consider it as part of the process," she added.

Last week, MyCC announced a proposed decision to impose a RM213.45 million fine on PIAM and its 22 members over an agreement between PIAM and the Federation of Automobile Workshop Owners' Association Of Malaysia (Fawoam).

The agreement was for fixed trade discount rates for parts of several vehicle makes and hourly labour rates for workshops under the PIAM Approved Repairers Scheme.

Both PIAM and BNM responded by saying that the agreement was reached on a BNM directive to resolve significant consumer complaints regarding repair times in the motor insurance industry.