(1) The Governor in Council may make regulations for or with respect to any matter or thing that is required or permitted to be prescribed or that is necessary to give effect to this Act.
(2) Without limiting the generality of subsection (1), the Governor in Council may make regulations for or with respect to—
(a) the establishment and maintenance of trust accounts; and
(b) prescribing fees under this Act; and
(c) prescribing infringement offences and infringement penalties for the purposes of section 175; and
(d) prescribing penalties for contraventions of the regulations, not exceeding—
(i) 20 penalty units in the case of a natural person; and
S. 188(2)(d)(ii) amended by No. 1/2021 s. 136.
(ii) 120 penalty units in the case of a body corporate.
(3) A power conferred by this Act to make regulations may be exercised—
(a) either in relation to all cases to which the power extends, or in relation to all those cases subject to specified exceptions, or in relation to any specified case or class of case; and
(b) so as to make, as respects the cases in relation to which the power is exercised—
(i) the same provision for all cases in relation to which the power is exercised, or different provisions for different cases or classes of case, or different provisions for the same case or class of case for different purposes; or
(ii) any such provision either unconditionally or subject to any specified condition.
(4) Regulations under this Act may be made—
(a) so as to apply at all times or at a specified time; and
(b) so as to require matters affected by the regulations to be—
(i) in accordance with specified standards or specified requirements; or
(ii) approved by or to the satisfaction of specified persons or bodies or specified classes of persons or bodies; or
(iii) as specified in both subparagraphs (i) and (ii); and
(c) so as to apply, adopt or incorporate any matter contained in any document, whether—
(i) wholly or partially or as amended by the regulations; or
(ii) as in force at a particular time or as in force from time to time; and
(d) so as to confer a discretionary authority or impose a duty on specified persons or bodies or specified classes of persons or bodies; and
(e) so as to provide in specified cases or classes of case for the exemption of persons or things or classes of persons or things from any of the provisions of the regulations, whether unconditionally or on specified conditions and either wholly or to such an extent as is specified.
S. 189 repealed by No. 36/2011 s. 21.
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Part 11—Repeals, amendments, savings and transitional provisions
S. 190 repealed by No. 1/2010 s. 88.
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