29—Amendment of section 97—Regulations
Section 97(2) and (3)—delete subsections (2) and (3) and substitute:
(2) Without limiting the generality of subsection (1), the regulations may—
(a) be of general or limited application; and
(b) confer powers or impose duties in connection with the regulations on the Minister, the Commissioner or an authorised officer; and
(c) exempt a specified person or class of persons, or a specified transaction or class of transactions, from compliance with this Act or a specified provision of this Act, either absolutely or on conditions or subject to limitations; and
(d) make different provision according to the classes of persons, or the matters or circumstances, to which they are expressed to apply; and
(e) prescribe codes of practice to be complied with by traders; and
(f) incorporate, adopt, apply or make prescriptions by reference to, with or without modifications, any document formulated or published by any body or authority as in force at a particular time or from time to time; and
(g) make provisions of a saving or transitional nature—
(i) consequent on the amendment of this Act by a relevant Act; or
(ii) relevant to the interaction between this Act and a relevant Commonwealth Act; and
(h) fix expiation fees, not exceeding $1 200, for alleged offences against this Act or the regulations; and
(i) impose penalties not exceeding $2 500 for contravention of, or failure to comply with, a regulation.
(3) A provision of a regulation made under subsection (2)(g) may, if the regulation so provides, take effect from the commencement of a relevant Act or relevant Commonwealth Act or from a later day.
(4) In this section—
"relevant Act" means the Statutes Amendment and Repeal (Australian Consumer Law) Act 2010 ;
"relevant Commonwealth Act" means—
(a) the Trade Practices Amendment (Australian Consumer Law) Act (No 2) 2010 of the Commonwealth; or
(b) any other Act of the Commonwealth relevant to the interaction between this Act and the Competition and Consumer Act.