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Land and Agricultural Development Bank Act, 2002 (Act No. 15 of 2002)

Part V : Administrative and Transitional Matters

49. Regulations

 

 

(1) The Minister may make regulations not inconsistent with this Act concerning—
(a) any matter that must or may be prescribed in terms of this Act;
(b) the duties and accountability of members of the Board;
(c) offences relating to anything that must or may be done or is prohibited in terms of any regulation made under this section;
(d) any matter which it is necessary to prescribe for the effective implementation of this Act.

 

(2) The Minister may in terms of subsection (1) prescribe a penalty in respect of an offence contemplated in subsection (1)(c), of a fine or imprisonment for a period not exceeding 12 months.

 

(3) A regulation made in terms of subsection (1) may differentiate between different groups, categories or classes of persons if that differentiation is not prohibited by the Constitution.