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s 16

Regulations

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Part 5Miscellaneous

16 Regulations

(1)

The Administrator may make Regulations, not inconsistent with this Act, prescribing all matters:

(a)

required or permitted by this Act to be prescribed; or

(b)

necessary or convenient to be prescribed for carrying out or giving effect to this Act.

(2)

Without limiting the generality of subsection (1), the

Regulations may prescribe:

(a)

the functions and powers of the Management Corporation, including its powers to deal with the common property, levy contributions from the lot owners and effect insurance;

(b)

the powers, obligations and duties of officers of the Management

Corporation;

(c)

the powers, obligations and duties of the owners, occupiers and mortgagees of lots in relation to the Management Corporation and the common property;

(d)

the procedures, at meetings or otherwise, of the Management

Corporation and its committees;

(e)

the power of the Minister to intervene in the affairs of the

Management Corporation to ensure the performance of its functions and the due exercise of its powers;

(f)

voting at meetings of the Management Corporation and limiting the voting power of the Developer; and

(g)

maximum penalties, not exceeding 100 penalty units for a contravention of, or failure to comply with, the Regulations.

(3)

Without limiting the generality of subsection (1), and notwithstanding anything in the development agreement, the

Regulations may impose conditions on work by the Developer in the development area to minimise nuisance to persons residing in the development area or neighbouring areas and, in particular, may limit, by reference to time or otherwise, the creation of noise and dust.

(4)

For the purposes of subsection (2)(b), the Regulations may provide that such provisions of the Corporations Act 2001, with such adaptations and modifications as are prescribed, shall apply as if those provisions were incorporated in this Act.

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