Social Housing Act, 2008 (Act No. 16 of 2008)Chapter 5 : General Provisions19. Regulations |
| (1) | The Minister, by notice in the Gazette and after consultation with Parliament— |
| (a) | must make regulations prescribing— |
| (i) | any matter required to be prescribed by regulation under this Act; |
| (ii) | a code of conduct, the investment criteria and the qualifying criteria for social housing institutions; |
| (b) | may make regulations— |
| (i) | in respect of the required provisions of the agreements between the Regulatory Authority and other delivery agents; |
| (ii) | in respect of the required provisions of the agreements between the Regulatory Authority and provincial governments; |
| (iii) | in respect of the required provisions of the agreements between the Regulatory Authority and the National Housing Finance Corporation; or |
| (iv) | any other ancillary or administrative matter that is necessary to prescribe for the proper implementation or administration of this Act. |
| (2) | The Regulations may provide for offences in cases of contravention thereof or non-compliance therewith, and for penalties not exceeding a fine or imprisonment for a period not exceeding six months or to both a fine and such imprisonment. |