79Regulations

79 Regulations

(1) The Governor in Council may make regulations for or with respect to prohibiting or regulating—

S. 79(1)(a) amended by No. 10/2017 s. 26(2).

(a) direct or indirect pecuniary interests of directors of Development Victoria and those members of staff of Development Victoria who are or are of a class specified in the regulations in contracts or proposed contracts with Development Victoria or other matters considered by Development Victoria, and the duties of persons in relation to those interests;

(b) the disclosure or recording of information about those interests;

(c) prescribing any matter or thing authorised or required to be prescribed or necessary or convenient to be prescribed for carrying this Act into effect.

(2) The regulations—

(a) may be of general or limited application;

(b) may differ according to differences in time place or circumstances;

(c) may leave anything to be determined or approved by any person;

(d) may impose penalties not exceeding 10 penalty units for breach of the regulations.

Pt 8 (Heading and ss 80–89) substituted as Pt 8 (Heading and ss 80–85) by No. 35/2011 s. 15.