Western Australian Current Acts Western Australian Current Acts (1) The Governor may
make regulations prescribing all matters that are required or permitted by
this Act to be prescribed, or are necessary or convenient to be prescribed,
for giving effect to the purposes of this Act.
(2) Without limiting
the generality of subsection (1), regulations made under that subsection may
—
(a) in
the case of the first regulations so made after the coming into operation of
this Act, provide that those regulations, except for any regulation or
subregulation creating an offence, shall be deemed to have come into operation
on 1 July 1986 and that any regulation or subregulation creating an offence
shall come into operation on the day on which those regulations are published
in the Gazette ;
(b)
provide for the creation of debt paper under section 10 and for the
cancellation, exchange, redemption, registration, surrender, transfer or
transmission of debt paper or for any other procedure or matter relating
thereto;
(c)
prohibit persons from divulging information coming to their knowledge by
reason of or in the course of their duties under this Act except in
circumstances specified in those regulations; and
(d)
create offences and provide a penalty not exceeding $2 500 in respect of any
such offence.
(3) The Corporation
may —
(a) if
it enters into an agreement under section 10 to borrow moneys and, in
accordance with that agreement, creates any separate debt paper under that
section, stipulate in that agreement that regulations referred to in
subsection (2)(b) do not apply at all, or apply only to the extent specified
in that agreement; or
(b) if
it borrows moneys under Part III (otherwise than under section 12) by means of
the creation under section 10 of debt paper without entering into a separate
agreement under that section to borrow moneys, stipulate in that debt paper
that regulations referred to in subsection (2)(b) do not apply at all, or
apply only to the extent specified in that debt paper,
to that debt paper,
whereupon those regulations shall not apply to that debt paper at all or shall
apply thereto only to the extent so specified, as the case requires.
[Section 22 amended: No. 24 of 1992 s. 13.]