147Regulation-making power

147 Regulation-making power (1) The Executive may make regulations for this Act. (2) A regulation may— (a) exempt a units plan from the application of a provision of this Act; or (b) for schedule 3, section 3.31A (Alternative voting mechanism)— prescribe or prohibit a method or process that may be agreed by an owners corporation for voting on a matter. Note Power to make a statutory instrument (including a regulation) includes power to make different provision in relation to different matters or different classes of matters, and to make an instrument that applies differently by reference to stated exceptions or factors (see Legislation Act, s 48). (3) A regulation may create offences and fix maximum penalties of not more than 60 penalty units for the offences. Executive committees—code of conduct Part 1.1 (see s 46 and s 56)