(1) The Minister may make Regulations prescribing all matters —
(a) required or permitted by this Act to be prescribed; or
(b) necessary to be prescribed for carrying out or giving effect to this Act.
(2) Without limiting the generality of subsection (1), the Minister may make regulations prescribing the qualifications of the Director.
(3) Regulations made under subsection (1) may prescribe, in respect of an offence under the Regulations, a penalty not exceeding $1million or to imprisonment for a term not exceeding 15 years or both. (Amended by Act 16 of 2021)
(4) Where a penalty is imposed for the same offence under this Act and the Regulations, the penalty specified under this Act prevails.
(5) Regulations made under subsection (1) are subject to negative resolution of the House of Assembly and the Senate.