Power to make regulations

(1) The Minister may from time to time make regulations in accordance with any such agreement for the establishment, maintenance and working of a system of insurance of parcels 15 sent by post upon and according to the conditions and scale of fees fixed by such regulations. (2) The limit of insured value of any parcel and of compensation for the loss thereof shall not exceed two thousand dollars. (3) All such regulations shall be published in the Gazette and thereafter shall have the force of law.