Kalistani Law Library- Kalistan Imperial University, Kaliburg, Grand Duchy of Ananto

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KALISTANI STANDING STATUTES
Promulgated by the National Assembly, Empire of Ananto and Kalistan
May 5627

TITLE VIII BUSINESS REGULATIONS

Section 1-  Safety Regulations
VIII.1.a  Regulation of advertising of substances classified as addictive and harmful-  Advertising is banned.

VIII.1.b  Government policy towards alcoholic beverages-  Alcoholic beverages may be purchased only from licensed sales outlets, but consumed by anyone.

VIII.1.c  Sale of tobacco products-  There are no regulations on the sale of tobacco.

VIII.1.d  Food and beverage labeling regulations-  Companies must clearly label food and beverage products, in a manner that can be easily understood.

VIII.1.e  Listing of controversial ingredients, such as genetically modified (GM) ingredients-  Any chemicals used in agriculture or processing, and any GM ingredients must be listed.

VIII.1.f  Scope of food ingredient labeling-  All ingredients must be listed.

VIII.1.g  Food safety policy-  The government introduces, and actively enforces, food standards provisions.

VIII.1.h  Licensing of food sales-  Anyone may sell food, but shelf lives of foods are enforced.

VIII.1.i  Health and safety legislation for industry-  The government introduces and actively regulates health and safety legislation in all areas of industry.

VIII.1.j  Policy on age required to purchase and drink alcohol-  The age to purchase and consume alcohol is different from the age of adulthood.

VIII.1.k  Policy on pharmaceutical advertisement-  Pharmaceutical advertising may only be in printed material.

VIII.1.l  The government's policy with respect to the production of pornography-  The production of pornography is treated as any other business.

VIII.1.m  Government law concerning the sales of recreational drugs-  The government is entirely responsible for the controlled sales of recreational drugs through operating stores and other locations.

VIII.1.n  Government regulation of pollution in industry-  The government enforces highly restrictive industrial pollution standards.

VIII.1.o  The government's policy concerning private cars-  Only cars using environmentally friendly fuels are allowed.

VIII.1.p  Waste disposal responsibility-  The government is responsible for waste disposal.

VIII.1.q  Regulation of the quality of drinking water-  The government sets a single standard to ensure all tap water is drinkable.

VIII.1.r  Government policy on animal welfare in livestock farming-  The government enforces high animal welfare standards.

VIII.1.s  Government policy concerning the use of pesticides-  Chemical pesticides, herbicides and fungicides are banned.
 

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Section 2-  Business Operational Regulations
VIII.2.a  The funding of sports clubs-  Local governments decide the funding policy of sports clubs.

VIII.2.b  The government's policy towards fireworks-  The sale of fireworks is unregulated, anyone may buy them.

VIII.2.c  The government's policy on advertising-  Only advertising that meets certain set standards is permitted.

VIII.2.d  Policy concerning industrial hemp-  There are no regulations on industrial hemp.

VIII.2.e  Government policy on industry and subsidies to industrial operations-  Certain industries are owned by the state, all others are under private ownership.

VIII.2.f  The government's policy regarding sexually explicit material on broadcast television-  Sexually explicit material is not allowed, but nudity that is not sexually explicit is.

VIII.2.g  The time at which sexually explicit content may be shown on broadcast television (if allowed)-  Sexually explicit content may only be shown during hours that very few children watch. Nudity may be shown all day long.

VIII.2.h  Government agricultural and farming subsidies policy-  Strategic crops are produced on State owned farms. All other produce is left to the Private sector.

VIII.2.i  The government's policy concerning farm size-  Farms that grow too large are broken up and the land redistributed.

VIII.2.j  Commercial fishing regulation-  The government establishes fishing quotas.

VIII.2.k  The government's policy concerning genetically modified (GM) crops-  Research and selling imported GM crops is allowed. Production is prohibited.

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Section 3-  Banking and Finance Sector Regulations
VIII.3.a  The banking system-  The government operates a central bank and all other banks are private.

VIII.3.b  Central Bank oversight and regulation (if a central bank exists) -  The central bank is underneath the direct oversight of the Ministry of Finance.

VIII.3.c  Government policy on cryptocurrency-  Cryptocurrency is legal and regulated, the state will issue it's own cryptocurrency.

VIII.3.d  Policy on the charging and collection of interest on loans-  Banks and financial institutions charge interest on loans and are regulated

VIII.3.e  Exchange rate regime-  The exchange rate of the national currency is kept within a defined band of fluctuation.

VIII.3.f  The government's policy regarding foreign investments-  Foreign investors may freely invest in national companies.

VIII.3.g  Reserve requirements for bank loans-  There is a fractional reserve requirement for bank loans.

VIII.3.h  The government's position towards the stock exchange(s)-  Stock exchanges are allowed but are regulated.  The Stock Exchange in Kalistan is called the Kalistani Stock Exchange (KalSiE).

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Section 4.  Labor Laws
VIII.4.a  The government's policy concerning child labor-  Child labor is forbidden.

VIII.4.b  The right for a person to prostitute himself or herself-  Prostitution is legal and a recognized profession.

VIII.4.c  Government policy towards labor unions-  Trade unions may exist and worker membership is voluntary.

VIII.4.d  Collective bargaining-  Public and private sector employees have the right to collectively bargain

VIII.4.e  Legality of Closed, Union and Agency Shops-  Closed shops, union shops and agency shops are legal.

VIII.4.f  The workers' right to strike-  All workers have the right to strike.

VIII.4.g  Trade union strike ballots-  Trade unions are not required by law to hold a ballot before striking.

VIII.4.h  Secondary strike action-  Any trade union can go on a sympathy strike in support of other striking workers.

VIII.4.i  The government's policy towards daily working hours-  The government obligates trade unions and employers to negotiate the daily number of working hours.

VIII.4.j  Employer's rights in regards to firing striking workers-  Employers cannot fire workers who have gone on strike.

VIII.4.k  The government's policy towards foreign workers-  Foreign nationals are treated the same as native citizens when searching for employment.

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Section 5-  Tax Laws
VIII.5.a  Tax percentage of the profit made by corporations-  1

VIII.5.b  Sales tax on essential goods such as food and non-luxury clothing-  0

VIII.5.c  Sales tax on luxury goods-  10

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Section 6-  Corporate Governance
VIII.6.a  Policy on monopolies-  Monopolies are only actively enforced in specific sectors of the economy.

VIII.6.b  Policy on employee representation on corporate boards-  One third of corporate boards must consist of employees

VIII.6.c  The government's stance on a salary cap-  The government enforces a salary cap.

VIII.6.d  The nation's policy on minimum wage regulation-  There shall be a minimum wage at a level considered a "living wage," well above the poverty line for a full time worker.

VIII.6.e  A law on employers' obligations with regards to social security contributions-  All enterprises are required to cover basic payroll contributions for their employees.

VIII.6.f  Positive discrimination-  No form of positive discrimination is permitted.

VIII.6.g  Policy on profit sharing-  Companies are required to distribute a majority fraction of its profits to employees.

VIII.6.h  Government policy on Democratic Workers' Councils-  The government encourages the formation of Democratic Workers' Councils through subsidies and tax exemptions.