42Regulations

42 Regulations

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

(2)  Without limiting the generality of subsection (1) , the regulations may –

(a) provide, or provide for, a process for the resolution of a dispute as to what is a reasonable fee or other reasonable consideration for the purposes of section 25(4) ; and

(b) provide for such a process by reference to another Act or in any other manner; and

(c) authorise the Valuer-General, or another person specified in the regulations, to determine such a dispute; and

(d) provide that the determination of such a dispute in accordance with the process provided in, or provided for by, the regulations is binding on the parties to the dispute; and

(e) provide for arrangements for employees affected by a transfer of employment by virtue of this Act or a sale under section 33 ; and

(f) provide for the deregistration of the Company or a subsidiary of the Company under the Corporations Act.

(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

(b) in respect of such an offence, provide for the imposition of a fine not exceeding 50 penalty units and, in the case of a continuing offence, a further fine not exceeding 10 penalty units for each day during which the offence continues.

(5)  The regulations may authorise any matter to be from time to time approved, determined, applied or regulated by the Minister or the Treasurer.

(6)  The regulations may –

(a) provide for savings or transitional matters necessary or expedient for bringing this Act into operation; and

(b) provide for savings or transitional matters consequent on –