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(1) The Minister, in consultation with the Board, may make regulations by legislative instrument to give effect to the purposes of this Act.

(2) In furtherance of subsection (1), the Minister may make regulations

(a) on the preparation and submission of tenders;

(b) to provide for the manner of publication of the notice of procurement contract awards;

(c) on the margin of preference in the evaluation of tenders;

(d) on the preparation and submission of applications to prequalify for a tender;

(e) on procurement proceedings on the basis of nationality;

(f) on the procurement process where one entity or a specially appointed agent is to procure items on behalf of another entity;

(g) on the disposal of unserviceable stores and obsolete equipment;

(h) to amend the schedules to this Act; and

(i) on any other matter connected with public procurement.

(3) Notwithstanding anything to the contrary in any enactment, a person who contravenes any regulation made under this Act is liable on summary conviction to a fine not exceeding 1000 penalty units or imprisonment for a term not exceeding five years or to both.