(1) The Governor may make regulations, not inconsistent with this Act, for or
with respect to any matter that by this Act is required or permitted to be
prescribed or that is necessary or convenient to be prescribed for carrying
out or giving effect to this Act.
(2) In particular the Governor may make
regulations for or with respect to the following--
(a) prescribing the
procedure to be followed in respect of applications under this Act,
(b)
fixing the maximum amount of remuneration to which a licensee is entitled, by
way of fee, gain or reward, for services performed by him or her as a
licensee,
(c) requiring licensees to display or otherwise publicise or give
notice of particulars of their remuneration and prescribe the consequences of
a failure to comply with any such requirement,
(d) prescribing the accounts
and other records to be kept by a licensee and the manner in which they are to
be kept,
(e) prescribing a method of service (which may include electronic
transmission) of any notice, statement of claim, order or other document
authorised or required to be served by or under a provision of this Act,
either in addition to or as an alternative to a method of service provided for
by the provision concerned,
(f) prescribing exemptions from the operation of
this Act or specified provisions of this Act,
(g) the waiver, reduction,
postponement or refund by the Secretary of fees payable or paid under this Act
or the regulations.
(3) A regulation may create an offence punishable by a
penalty not exceeding 40 penalty units in the case of a corporation or 20
penalty units in any other case.
