15Local regulations

15 Local regulations

(1)  The Governor may make regulations (the local regulations), not inconsistent with the local application provisions of this Act or the Co-operatives National Law (Tasmania), for or with respect to any matter –

(a) that by the local application provisions of this Act is required or permitted to be prescribed by the local regulations or that is necessary or convenient to be prescribed by the local regulations for carrying out or giving effect to the local application provisions of this Act; or

(b) that by the Co-operatives National Law (Tasmania) is required or permitted to be prescribed by the local regulations.

(2)  Without limitation, the local regulations may make provision for or with respect to –

(a) the administration of the Co-operatives National Law (Tasmania); and

(b) procedural matters relating to any aspects of the Co-operatives National Law (Tasmania); and

(c) without limiting paragraphs (a) and (b) , administrative matters relating to the supervision and inspection of co-operatives.

(3)  The local regulations may create offences and impose penalties for an offence of not more than the amount specified in section 612(5) of the Co-operatives National Law (Tasmania).