(1) The regulations may provide that some or all of the provisions of this Act that relate to seizure and forfeiture of property do not apply in relation to:
(a) foreign boats (including nets, traps, equipment or fish on such boats) covered by a specified:
(i) international fisheries management organisation; or
(ii) international fisheries management measure; or
(b) foreign boats covered by the Fish Stocks Agreement; or
(c) foreign boats mentioned in paragraph (a) or (b) in specified circumstances.
(2) The regulations may prescribe procedures to be followed in dealing with property:
(a) under the control of an officer; and
(b) covered by regulations made under subsection (1).