sec.116Regulations

### sec.116 Regulations The Governor in Council may make regulations under this Act. Without limiting subsection (1) , a regulation may— prescribe the procedure for, and other matters relating to, the application for, or renewal of, licences under this Act; and prescribe the minimum financial requirements for the licences under this Act, including requirements about information that must be prepared or signed by a qualified accountant; and set fees payable under this Act and the matters for which the fees are payable; and provide for the refunding of fees in stated circumstances; and impose a penalty of not more than 20 penalty units for a contravention of a provision of the regulation; and provide for the continuing professional development to be undertaken by a building contractor; and provide for the number of demerit points for demerit offences, including by— fixing the number of demerit points for any repeat of a demerit offence by a person; or for section 73 —authorising the commission to allocate from 4 to 10 demerit points, having regard to the defective or incomplete building work or consequential damage, or any repeat of the offence by a person. s 116 (prev s 115) renum 1992 No. 68 s 3 sch 1 sub 1994 No. 20 s 3 sch amd 2003 No. 1 s 42 ; 2007 No. 47 s 80 ; 2014 No. 57 s 58 ; 2017 No. 43 s 304 ; 2020 No. 24 s 124 (sec.116-ssec.1) The Governor in Council may make regulations under this Act. (sec.116-ssec.2) Without limiting subsection (1) , a regulation may— prescribe the procedure for, and other matters relating to, the application for, or renewal of, licences under this Act; and prescribe the minimum financial requirements for the licences under this Act, including requirements about information that must be prepared or signed by a qualified accountant; and set fees payable under this Act and the matters for which the fees are payable; and provide for the refunding of fees in stated circumstances; and impose a penalty of not more than 20 penalty units for a contravention of a provision of the regulation; and provide for the continuing professional development to be undertaken by a building contractor; and provide for the number of demerit points for demerit offences, including by— fixing the number of demerit points for any repeat of a demerit offence by a person; or for section 73 —authorising the commission to allocate from 4 to 10 demerit points, having regard to the defective or incomplete building work or consequential damage, or any repeat of the offence by a person. - (aa) prescribe the procedure for, and other matters relating to, the application for, or renewal of, licences under this Act; and - (ab) prescribe the minimum financial requirements for the licences under this Act, including requirements about information that must be prepared or signed by a qualified accountant; and - (a) set fees payable under this Act and the matters for which the fees are payable; and - (b) provide for the refunding of fees in stated circumstances; and - (c) impose a penalty of not more than 20 penalty units for a contravention of a provision of the regulation; and - (d) provide for the continuing professional development to be undertaken by a building contractor; and - (e) provide for the number of demerit points for demerit offences, including by— (i) fixing the number of demerit points for any repeat of a demerit offence by a person; or (ii) for section 73 —authorising the commission to allocate from 4 to 10 demerit points, having regard to the defective or incomplete building work or consequential damage, or any repeat of the offence by a person. - (i) fixing the number of demerit points for any repeat of a demerit offence by a person; or - (ii) for section 73 —authorising the commission to allocate from 4 to 10 demerit points, having regard to the defective or incomplete building work or consequential damage, or any repeat of the offence by a person. - (i) fixing the number of demerit points for any repeat of a demerit offence by a person; or - (ii) for section 73 —authorising the commission to allocate from 4 to 10 demerit points, having regard to the defective or incomplete building work or consequential damage, or any repeat of the offence by a person.