(1) The Governor in Council may make regulations for or with respect to—
(a) regulating the conduct of public auctions of land;
(b) prescribing standard rules for the conduct of public auctions of land;
(c) regulating signs and documents relating to public auctions of land;
(d) requiring the provision of specified information to potential purchasers of land that is to be sold at public auction;
(e) prescribing any other matter or thing authorised or required to be prescribed or necessary or convenient to be prescribed for the purposes of this Division.
(2) The regulations—
(a) may be of general, or of specially limited, application;
(b) may differ according to differences in time, place or circumstance;
(c) may require a matter affected by the regulations to be—
(i) in accordance with a specified standard or specified requirement; or
(ii) approved by, or to the satisfaction of, a specified person or a specified class of person; or
(iii) as specified in both subparagraphs (i) and (ii);
(d) may apply, adopt or incorporate any matter contained in any existing document either wholly, or partially, or as amended by the regulations;
(e) may confer a discretionary authority or impose a duty on a specified person or a specified class of person;
(f) may provide, in a specified case or class of case, for the exemption of people or things from any of the provisions of the regulations, whether unconditionally or on specified conditions, and either wholly or to the extent specified;
(g) may impose a penalty not
exceeding 20 penalty units for a contravention of the regulations.
Pt 2A (Heading and s. 48A) inserted by No. 103/2004 s. 71.
Part IIA—Enforcement
S. 48A inserted by No. 103/2004 s. 71, amended by Nos 17/2007 s. 36(Sch. item 13), 2/2008 s. 60(Sch. item 12), 72/2010 s. 48(Sch. item 21), substituted by No. 21/2012 s. 239(Sch. 6 item 40.1).