(1) The Governor may
make such regulations as are contemplated by this Act, or as are necessary or
expedient for the purposes of this Act.
(2) Without limiting
the generality of subsection (1), the regulations may—
(a)
prescribe, or provide for the calculation of, any costs, fees or charges for
the purposes of this Act;
(b)
exempt any person or class of persons from the obligation to pay costs, fees
or charges so prescribed;
(c)
prescribe penalties, not exceeding $5 000, for breach of, or
non-compliance with, a regulation.
(3) The regulations
may—
(a) be
of general or limited application; and
(b) make
different provision according to the persons, things or circumstances to which
they are expressed to apply; and
(c)
provide that a specified provision of this Act does not apply, or applies with
prescribed variations, to any person, circumstance or situation (or person,
circumstance or situation of a prescribed class) specified by the regulations,
subject to any condition to which the regulations are expressed to be subject;
and
(d)
provide that any matter or thing is to be determined, dispensed with,
regulated or prohibited according to the discretion of the Minister, the Chief
Recovery Officer or another prescribed person.
(4) The regulations
may make provisions of a savings or transitional nature consequent on the
commencement of any provisions of this Act (including provisions of a
transitional nature modifying any provisions of this Act).