Real Estate and Business Agents Act 1978

The Governor may make such regulations as are contemplated by this Act or as he considers necessary or expedient for the purposes of this Act.

Without limiting the generality of subsection (1), the regulations may —

prescribe the procedure of the Commissioner;

provide for the advertising of notices of applications for licences;

prescribe, and provide for the recovery of, any fee for the purposes of this Act, but not in connection with the initiation of a proceeding before the State Administrative Tribunal;

prescribe the particulars to be recorded in the registers required to be kept under this Act;

prescribe a body or class of bodies for the purposes of the definition of authorised financial institution in section 67;

prescribe a rate of interest and the times at which such interest is to be paid for the purposes of section 68B(1);

prescribe the information to be contained in a receipt for the purposes of section 69(1)(a);

prescribe the manner in which a record is to be kept, and the information to be contained in a record, for the purposes of section 69(2);

prescribe the times at which and the proportions in which moneys are to be paid or transferred under section 127;

prescribe the manner of making claims against the Fidelity Account and the manner of verifying any claim including a condition that the claim be verified by statutory declaration;

prescribe generally for such other matters as may be considered necessary for the purposes of protecting the Fidelity Account or of giving full effect to the intent of the provisions of this Act relating to the Fidelity Account;

prescribe a body or class of bodies for the purposes of the definition of lending institution in section 131A;

prescribe a maximum amount for the purposes of section 131M(3)(a);

prescribe persons for the purposes of section 131O(1)(f);

prescribe penalties not exceeding $1 000 for any breach of the regulations.