(1) The regulations may make provision for and in relation to the following:
(a) the methods by which contributions required to be paid because of this Part may be paid;
(b) the methods by which late payment penalty may be paid;
(c) refunds of, or of overpayments of, contributions.
(2) Without limiting paragraphs ( 1)(a) and (b), regulations made for the purposes of those paragraphs may make provision for and in relation to the making of payments using electronic funds transfer systems.