(1) Subject to the provisions of this Act the Council shall have full power and authority to make rules for and concerning the objects of the Trust and in particular for the following purposes—
(a) the eligibility, nomination, election, suspension and expulsion of members;
(b) the constitution of the Council and re-election of officers and members thereto at reasonable intervals;
(c) the manner in which such members of the Council may be removed;
(d) the manner in which all meetings of the Council are to be convened and conducted;
(e) the custody, management, alteration and disposal of trust property;
(f) the manner in which rules of the Trust can be altered or revoked;
(g) generally for the conduct and regulation of the business affairs and concern of the Trust and relative to any matter or thing whatsoever which may in any wise concern the sound administration of the Trust.
(2) Such rules shall be made before the expiration of one year of the commencement of this Act and when made shall—
(a) be subject to the approval and satisfaction of the general body of members called for that purpose;
(b) not in any way be inconsistent with the purposes of this Act or be repugnant or contrary to the laws of the State; and
(c) not in any manner be binding on any other than those who are or may become members of the Trust.
(3) It shall be lawful for the Council to provide in any or all of the rules any or all reasonable and adequate fine, forfeitures and penalties for the contravention, non-observance, non-performance or breach of the same or for enforcing the due observance thereof.
(4) Rules made by the Council under the provisions of this section shall have the force and effect of law when confirmed by the Cabinet and published in the Gazette.