Power of the Minister to make regulations

(1) The Minister may make regulations, not inconsistent with this Act, for the administration of this Act and for carrying it into effect. (2) In particular and without prejudice to the generality of sub-section (1), such regulations may provide for all or any of the following matters, namely– (a) the levy of interest at a prescribed rate on contributions due but not paid subject to the minimum of one dollar per week or part thereof in respect of each employee whose contribution is in default beyond the due date and the conditions under which such levy may be waived; (b) the method of determining the actuarial present value of periodical payments; (c) the medical examination of claimants and beneficiaries for the purposes of this Act and the attendance of such persons for such examination at places specified by the Chief (d) the raising and repayment of loans in consultation with the Minister of Finance; or (e) financial control and procedures. (3) Without prejudice to any specific provision of this Act, any regulation may contain such incidental or supplementary provisions as appear to the Minister to be expedient for the purposes of the regulations.