40Regulations

40 Regulations

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

(2)  Without limiting the generality of subsection (1) , the regulations may provide for all matters related to, arising from or otherwise necessary or convenient to be provided for in connection with any one or more of the following:

(a) the sale under section 7(1) of the business of a prescribed Government Business Enterprise;

(b) the sale or grant under section 7(2) of a right;

(c) the formation under section 14(1) of a company;

(d) the transfer under section 17 or 35 of the business of a relevant prescribed Government Business Enterprise or other prescribed Government Business Enterprise;

(e) the sale under section 31 of shares held by the Treasurer in a company;

(f) the arrangements relating to persons employed by, or under the State Service Act 2000 for the purposes of, a prescribed Government Business Enterprise, a relevant prescribed Government Business Enterprise or a company who are affected by –

(i) the sale under section 7(1) of the business of a prescribed Government Business Enterprise; or

(ii) the transfer under section 17 or 35 of the business of a relevant prescribed Government Business Enterprise or other prescribed Government Business Enterprise; or

(iii) the sale under section 31 of shares held by the Treasurer in a company.

(3)  The 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 any of the regulations is an offence; and