120Regulations

120 Regulations

(1)  The Governor may make regulations for the purposes of this Act.

(2)  Without limiting the generality of subsection (1) , the Governor may make regulations, notwithstanding section 110 , that specify Acts or other laws in respect of which a Government Business Enterprise specified in Schedule 8 is the Crown.

(3)  Regulations may be made so as to apply differently according to matters, limitations or restrictions, whether as to time, circumstance or otherwise, specified in the regulations.

(4)  The regulations may –

(a) provide that a contravention of, or a failure to comply with, any of the regulations is an offence; and

(b) in respect of such an offence, provide for the imposition of a fine not exceeding 5 penalty units and, in the case of a continuing offence, a further fine not exceeding 0·5 penalty units for each day during which the offence continues.

(5)  [Section 120 Subsection (5) amended by No. 42 of 2002, s. 51, Applied:27 Nov 2002] The regulations may authorise any matter to be from time to time determined, applied or regulated by the Treasurer or Portfolio Minister.

(6)  [Section 120 Subsection (6) substituted by No. 65 of 2001, s. 11, Applied:01 Jul 2001] The regulations may contain provisions of a savings or transitional nature consequent on the enactment of one or more of the following Acts:

(a) this Act;

(b) the Government Business Enterprises Amendment Act 2001 .

(7)  [Section 120 Subsection (7) substituted by No. 65 of 2001, s. 11, Applied:01 Jul 2001] The regulations may contain provisions of a savings or transitional nature consequent on the making, amendment or revocation of an agreement under section 69 or 74A .