South Australian Consolidated Acts South Australian Consolidated Acts (1) The Governor may
make such regulations as are contemplated by this Act or as are necessary or
expedient for the purposes of this Act.
(2) Without limiting
the generality of subsection (1), the regulations may—
(a) make
provisions of a saving or transitional nature—
(i)
consequent on the amendment of this Act by a
relevant Act; or
(ii)
relevant to the interaction between this Act and a
relevant Commonwealth Act; and
(b)
prescribe a fine, not exceeding $1 250, for breach of or non-compliance
with a provision of the regulations.
(3) A provision of a
regulation made under subsection (2)(a) may, if the regulation so
provides, take effect from the commencement of a relevant Act or relevant
Commonwealth Act or from a later day.
(4) In this
section—
"relevant Act" means the Trustee Companies (Commonwealth Regulation) Amendment
Act 2010 ;
"relevant Commonwealth Act" means—
(a) the
Corporations Legislation Amendment (Financial Services Modernisation) Act
2009 of the Commonwealth; or
(b) any
other Act of the Commonwealth relevant to the interaction between this Act and
the Corporations Act 2001 of the Commonwealth.