(1) The Executive may make regulations (the local regulations ) for—
(a) the local application provisions of this Act; and
(b) the Co-operatives National Law (ACT) .
Note 1 For the power to make regulations, see the Legislation Act
, s 44.
Note 2 A regulation must be notified, and presented to the Legislative Assembly, under the Legislation Act
.
(2) A regulation may make provision in relation to—
(a) the administration of the Co-operatives National Law (ACT) ; and
(b) procedural matters relating to any aspects of the Co-operatives National Law (ACT) ; and
(c) without limiting paragraph (a) or (b), administrative matters relating to the supervision and inspection of co-operatives.
(3) A regulation may create
offences and fix maximum penalties for the offences of not more than the
amount mentioned in the Co-operatives National Law (ACT) ,
section 612 (5) (Power to make Co-operatives National Regulations
).