(1)

The Governor-General may make regulations 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 subsection (1), the regulations may:

(a) prescribe fees in respect of matters under this Act (including the regulations); and
(b) prescribe penalties of not more than 50 penalty units for offences against the regulations.