Commonwealth Consolidated Acts(1) The Governor-General may make regulations prescribing matters:
(a) required or permitted by this Act to be prescribed; or
(b) necessary or convenient to be prescribed for carrying out or giving effect to this Act; or
(c) necessary or convenient to be prescribed for enabling or facilitating the collection of levy imposed by regulations under section 6 of the Aged Care (Bond Security) Levy Act 2006 .
(2) Without limiting paragraph (1)(c), regulations prescribing matters necessary or convenient to be prescribed for enabling or facilitating the collection of levy may provide for the following:
(a) the person who is liable to pay levy;
(b) the time levy is due and payable;
(c) liability for levy being a debt due to the Commonwealth;
(d) the methods by which levy may be paid (including by instalments);
(e) the payment of penalties in respect of late payment of levy;
(f) repayments of levy;
(g) repayments of overpayments of levy;
(h) penalties for offences against the regulations, not exceeding a fine of 50 penalty units.