(1) The Minister may on the advice of the Board by legislative Instrument make Regulations generally for the effective implementation of the provisions of this Act.

(2) The Board may subject to existing laws by internal bye-laws prescribe,

(a) qualifications for employment of staff,

(b) matters on accounting and reporting on activities of the Authority to the Board,

(c) matters that relate to internal auditing,

(d) method for achieving transparency in procurement and fiscal accounting,

(e) mechanism for flow of information between the public and the Authority on the activities of the Authority;

(f) matters on the management of infrastructure facilities built under the Compact from the Fund,

(g) for the provision of credits and grants from the Fund; and

(h) for administrative matters necessary for the performance of the functions  of the Authority.