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Housing Development Schemes for Retired Persons Act, 1988 (Act No. 65 of 1988)

11. Regulations

 

(1) The Minister may make regulations—
(a) prescribing the information to be contained in any advertisement in connection with the alienation of a housing interest;
(b) prescribing the information which should be disclosed in writing by a developer to a purchaser before the signature of a contract by the purchaser;
(c) regarding the alienation of housing interests and the control over and the operation of housing development schemes, including the payment of levies and the establishment of levy funds;
(d) regulating advertising in connection with any housing development scheme and on such conditions as the Minister may determine, or prohibit such advertising;

[Subsection (1)(d) substituted by section 6(a) of Act No. 70 of 1990]

(e) regarding the establishment and utilization of facilities or services contemplated in section 4(1)(o);
(f) prescribing the rate of interest for the purposes of section 8(1)(a)(i);
(g) prescribing that the whole or any part of the Alienation of Land Act, 1981 (Act No. 68 of 1981), shall or shall not apply to the alienation of housing interests or to specified categories of housing interests;
(h) regarding any matter which is required or permitted to be prescribed by regulation, or is considered necessary or expedient to be so prescribed in order to achieve the objects of this Act;
(i) prescribing the formalities for an application for an endorsement in terms of section 4C, the persons by whom such application may be prepared and the fees payable in respect of such application.

[Subsection (1)(i) substituted by section 6(b) of Act No. 70 of 1990]

 

(2) A regulation may prescribe penalties for a contravention thereof or failure to comply therewith, not exceeding a fine of R12 000 or imprisonment for a period of three years.

[Subsection (2) substituted by section 6(c) of Act No. 70 of 1990]

 

(3) A regulation under paragraph (c) or (e) of subsection (1) may provide for the application thereof also in respect of housing development schemes erected at any time before the commencement of this Act.