(1) The rules may specify matters to be dealt with by a co - regulatory arrangement that relates to a specified product.
(2) Those matters must relate to one or more of the following:
(a) the governance of the arrangement (including resolving disputes and replacing the administrator);
(b) membership of the arrangement (including requirements for becoming or ceasing to be a member of the arrangement);
(c) communicating information to the public about the arrangement;
(d) any other matter relevant to the operation of the arrangement or the achievement of the outcomes specified under section 79 in relation to that product.
Note: Approval of a co - regulatory arrangement must be refused, and may be cancelled, if the Minister is not satisfied the arrangement adequately deals with these matters (see paragraphs 85(2)(c) and 87(1)(c)).