Section 55
Regulations
The Minister may make such regulations as may be necessary or expedient for giving full effect to the provisions of this Act.
(2)
Without prejudice to the generality of subsection (1), regulations may be made—
(a)
to prescribe any forms for the purposes of this Act;
(b)
to prescribe any information to be furnished for the purposes of this Act;
(c)
to prescribe the procedures for the issuance of permits under this Act, including the establishment of different classes of permits for different classes of strategic items;
(d)
to prescribe the procedures for the registration of brokers under this Act, including the establishment of different classes of brokers for different classes of strategic items;
(e)
to prescribe the forms for end-use statements;
(f)
to prescribe the fees to be paid under this Act and the manner for collecting and dealing with such fees;
(g)
to prescribe the forms of registers to be kept and maintained by permit holders and registered brokers, including the particulars to be recorded in the registers;
(h)
to provide for any matter, including enforcement matters, which under this Act is required or permitted to be prescribed or which is necessary or expedient to be prescribed.
Strategic Trade 53
(3)
The regulations made under this section or any other subsidiary legislation made under this Act may prescribe for any act or omission in contravention of the regulations or subsidiary legislation to be an offence and may prescribe for penalties of a fine not exceeding one million ringgit or imprisonment for a term not exceeding five years or with both.