102. (1) The Executive may make regulations, not inconsistent with this Act, prescribing matters—
(a) required or permitted by this Act to be prescribed; or
(b) necessary or convenient to be prescribed for carrying out or giving effect to this Act.
(2) Without limiting the generality of subsection (1), the regulations may—
(a) make provision in relation to—
(i) the marking of dangerous weapons with an identification mark;
(ii) the inspecting, examining and testing of dangerous weapons or restricted weapons; and
(iii) the purchase, sale or other disposition, of dangerous weapons or restricted weapons delivered to a licensed dealer; and
(b) prescribe, for offences against the regulations, penalties not exceeding—
(i) if the offender is a natural person—a fine of $1,000; or
(ii) if the offender is a body corporate—a fine of $10,000.