150Regulations

#### 150 Regulations (1) The Governor‑General may make regulations, not inconsistent with this Act, prescribing all matters required or permitted to be prescribed, or necessary or convenient to be prescribed, for carrying out or giving effect to this Act, and in particular: (a) for prescribing in respect of contributors suffering from invalidity or physical or mental incapacity to perform their duties, all or any of the following matters: (i) conditions of retirement; (ii) pensions or other benefits; (iii) provisions for cancellation of pensions or other benefits; and (iv) conditions of compulsory re‑employment; (b) for prescribing the data in respect of mortality, conjugal condition, dependent children, invalidity, and rate of interest to be employed in determining actuarial equivalents for the purposes of this Act, and for prescribing the incidence on the several benefits of the commutations involved in determining such actuarial equivalents; (c) where under this Act an employee or pensioner may make any election or choice, and the time within which it may be made is not stated in the Act, for prescribing the time within which it must be made and the conditions upon which it may be made; and (d) for prescribing penalties not exceeding 20 penalty units for an offence against the regulations. > Note: Part IA of the Crimes Act 1914 contains provisions dealing with penalties. (2) The regulations may make provision for modifying this Act, or a provision of this Act specified in the regulations, in the application of this Act or that provision to and in relation to a person who is in receipt of pension under section 46, 47 or 48, or to and in relation to a prescribed class of such persons, and the modifications that may be made by the regulations include, but are not limited to, modifications providing for payment of pension at a rate other than the rate at which, but for the regulations, the pension would be payable.