Tasmanian Development Act 1983
48Regulations
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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) , 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 (1) and the rights and duties of the holders of any such debentures or inscribed stock; and
(c) subject to Schedule 4 , 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 of Part II of Schedule 4 .
(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) (a) 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) (a) , 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.