(1) A university statute made by the Council may provide for the making of university regulations for or with respect to prescribing or providing for any matter or thing for the purposes of the university statute, either by—
(a) the Council; or
(b) if the university statutes authorise it, by the Vice-Chancellor or the academic board or its equivalent.
(2) A university statute made by the Council may provide for—
(a) the manner of making and promulgation of a university regulation;
(b) the revocation or amendment of a university regulation.