(1) The Governor may
upon the recommendation of the Company make, alter and repeal by-laws for the
purposes of, and in accordance with, the Agreement.
(2) By-laws made
pursuant to this section —
(a)
shall be published in the Government Gazette ; and
(b) take
effect and have the force of law from the date they are so published or from
such later date as is fixed by the by-laws; and
(c) may
prescribe penalties not exceeding $100 for breach of any of the by-laws; and
(d) are
not subject to the provisions of section 36 of the Interpretation Act 1918 2 ,
but the by-laws shall be laid before each House of Parliament within 6 sitting
days of the House next following the publication of the by-laws in the
Government Gazette .