(1) The Minister may make Regulations for the better carrying into effect of the purposes of this Act, and for any matter which under this Act is to be prescribed by Regulations.
(2) Without prejudice to the generality of subsection (1), the Regulations may provide for —
(a) provisions of a saving or transitional nature consequent on the coming into force of this Act;
(b) specific offences and penalties not exceeding five thousand dollars for breach of the Regulations;
(c) the application of terms used in this Act and ancillary rules that facilitate the application of the provisions in this Act, including the determination of the value, time, and place of transactions for the purposes of applying this Act to the transactions;
(d) guidelines as an aid to interpretation of this Act.