48Regulations

##### 48 Regulations (1) The Governor‑General may make regulations, not inconsistent with this Act, prescribing matters: (a) required or permitted by this Act to be prescribed; or (b) necessary or convenient to be prescribed for carrying out or giving effect to this Act; and, in particular, prescribing: (c) penalties, not exceeding a fine of 10 penalty units, in respect of offences against the regulations; and (d) fees payable in respect of any matter under this Act or the regulations. (2) The regulations may make different provisions with respect to persons carrying on business in relation to life insurance business and persons carrying on business in relation to general insurance business.