(1) The Authority may make regulations for prescribing anything which under the provisions of this Act is to be prescribed and generally for the better carrying out of the purposes of this Act.
(2) Regulations made by the Authority shall have no effect until approved by the Governor General and when so approved, shall come into force on such date as may be specified in such regulations, and as from such date, such regulations shall have the same force and effect as if they were contained in and formed part of this Act.
However until varied or revoked by any such regulations, the Regulations contained in the Schedule shall be in force.
(3) Where regulations are approved by the Governor General in 3 of the territories the Governor General of the other territory shall, within 14 days of the receipt of notification by the Authority of such approval, approve such regulations in respect of such other territory.