48Regulations

### 48 Regulations > > (1)  The Governor may make regulations for the purposes of this Act. > > > (2)  *\[Section 48 Subsection (2) amended by No. 55 of 1985, s. 8 \]**\[Section 48 Subsection (2) amended by No. 76 of 1995, s. 23 and s. 28 and Sched. 1 \]*Without limiting the generality of [subsection (1)](#GS48@Gs1@EN) , the regulations may make provision for, or with respect to – > > > > > > (a) the duties of the directors, an administrator, and the officers of TDR; > > > > > > > (b) the issue of debentures and inscribed stock under [section 24](#GS24@EN) [(1)](#GS24@Gs1@EN) and the rights and duties of the holders of any such debentures or inscribed stock; and > > > > > > > (c) subject to [Schedule 4](#JS4@EN) , matters of a transitional or savings nature consequent on the enactment of this Act or any amending Act, including the procedure to be followed by TDR in registering a mortgage under [clause 8](#JS4@HSII@GC8@EN) of [Part II](#JS4@HSII@EN) of [Schedule 4](#JS4@EN) . > > > (3)  *\[Section 48 Subsection (3) amended by No. 36 of 1988, s. 7 and Sched. 1 \]**\[Section 48 Subsection (3) amended by No. 76 of 1995, s. 28 and Sched. 1 \]*The regulations referred to in [subsection (2)](#GS48@Gs2@EN) [(a)](#GS48@Gs2@Hpa@EN) may provide – > > > > > > (a) that it is an offence, punishable on summary conviction, for a person to contravene, or fail to comply with, any of the regulations and may provide in respect of any such offence for the imposition of a penalty not exceeding 100 penalty units or imprisonment for a period not exceeding 2 years, or both; and > > > > > > > (b) for the recovery by TDR of – > > > > > > > > > > (i) any profit gained by any person; or > > > > > > > > > > > (ii) compensation in case of any loss or damage suffered by TDR – > > > > > > > > as a result of a contravention or failure to comply with the regulations. > > > (4)  *\[Section 48 Subsection (4) amended by No. 36 of 1958, s. 7 and Sched. 1 \]*The regulations, other than those referred to in [subsection (2)](#GS48@Gs2@EN) [(a)](#GS48@Gs2@Hpa@EN) , may provide that it is an offence, punishable on summary conviction, for a person to contravene, or fail to comply with, any of the regulations and may provide in respect of any such offence for the imposition of a penalty not exceeding 10 penalty units or imprisonment for a period not exceeding 3 months, or both. > > > (5)  *\[Section 48 Subsection (5) amended by No. 55 of 1985, s. 8 \]*Regulations under this section – > > > > > > (a) may be made subject to such conditions, or be made so as to apply differently according to such factors, as may be specified in the regulations, or according to such limitations or restrictions, whether as to time or circumstance or otherwise, as may be so specified; > > > > > > > (b) may take effect on the commencement day or on a later day; and > > > > > > > (c) [*\[Section 48 Subsection (5) amended by No. 2 of 2011, Sched. 1, Applied:30 Jan 2012\]*](/view/html/inforce/2012-01-30/act-2011-002#JS1@Ja9@GC1@EN) if they are made under [subsection (2)](#GS48@Gs2@EN) [(c)](#GS48@Gs2@Hpc@EN) , may have effect notwithstanding the [Personal Property Securities Act 2009](/view/html/inforce/2026-04-12/act-9999-999) of the Commonwealth, and the provisions of the [State Advances Act 1935](/view/html/inforce/2026-04-12/act-9999-999) continued in force by virtue of [clause 3](#JS4@HSII@GC3@EN) of [Part II](#JS4@HSII@EN) of [Schedule 4](#JS4@EN) .