(1) Subject to this section, the Minister may make such rules or regulations as appear to him or her to be necessary and expedient for the proper carrying out of the intent and purpose of this Act and, in particular, may make rules or regulations in respect of financial and accounting matters.
(2) Without restricting the generality of subsection (1) any rules or regulations made by the Minister may provide for—
(a) the collection, custody, issue, expenditure, due accounting for, care and management of all public funds;
(b) the effectual record, examination, inspection and internal check of all receipts, payments and expenditure;
(c) the forms of all accounts, books, documents and reports whatsoever required for the proper accounting for public monies and public stores;
(d) the purchase, safe custody, issue, sale or other disposal or write-off of stores and other property of the Government and the proper accounting for and stock-taking of such stores and property;
(e) the custody, handling and proper accounting for stamps, investments, securities and negotiable instruments whether the property of the Government of Saint Lucia or on deposit with or entrusted to the Government or to any officer in his or her official capacity or to any other person;
(f) the reporting of losses by whatever means of public money, stamps, accounting or accountable documents of whatever kind and public stores, and the reporting of damage to or destruction of any property of the Government;
(g) the issue of public tenders, the powers and duties of the Tenders Board, and the award of contracts.