20.—(1) The Minister may make such regulations as may be necessary or expedient for the purposes of this Act.
(2) Without prejudice to the generality of subsection (1), the Minister may make regulations —
(a)
exempting any class of supplier or any class of goods or services or transactions from the application of this Act or any provision of this Act, and imposing conditions for that exemption;
(b)
modifying the application of any provision of this Act to any class of supplier or any class of goods or services or transactions;
(c)
controlling or prohibiting any practice in relation to any consumer transaction;
(d)
prescribing information or notices that must be provided to consumers by suppliers with respect to any consumer transaction;
(e)
prescribing the form or terms of contracts to be used in any consumer transaction and any information to be contained therein;
(f)
requiring suppliers to maintain books, accounts (including trust accounts) or records in relation to any consumer transaction, and prescribing the form and mode of keeping such books, accounts and records;
(g)
prescribing or adopting, with or without modification, codes, standards or rules governing the conduct of suppliers engaged in any consumer transaction;
(h)
prescribing the rights and obligations of parties who have entered a consumer transaction in the event of failure to comply with any provision of this Act or the regulations made thereunder, including the right to sue for such failure; and
(i)
specifying limitation periods for any action under this Act or any regulations made thereunder.