DUTIES ACT 2001 - SECT 508 Regulation-making power

DUTIES ACT 2001 - SECT 508

508 Regulation-making power

(1) The Governor in Council may make regulations under this Act.

(2) A regulation may—

(a) be made about fees payable under this Act; or

(b) provide for a maximum penalty of not more than 20 penalty units for a contravention of a regulation.

(3) A regulation may exempt from the imposition of duty an instrument or transaction for a financial arrangement entered into by a statutory body as defined in the Statutory Bodies Financial Arrangements Act 1982 as provided in that or another Act.