62Civil Aviation (Offences) Regulations 1997, M aritime Offences Regulations 1998, and Land T ransport (Offences and Penalties) Regulations 1999. 41 Takeovers Panel. In essence, the legislation dealing with most aspects of securities market regulation is contained in statutes, regulations, a code, and exemptions. 78 In other areas, the picture is similar. New Zealand’ s food legislation is found in statutes,  regulations,  a  standard  that  adopts  an  Australian  standard,  exemptions granted by the Director-General of Health and local authorities, and guidelines. 79 Rules are made under 3 transport statutes: the Civil Aviation Act 1990, the Maritime Transport Act 1994, and the Land Transport Act 1998. Regulations made under each of these Acts prescribe offences for breaches of particular rules.62  These are not always confined to matters of a purely technical nature likely to affect only a small number  of  people,  as  rule  19.7(b)  of  the  Civil  Aviation  Rules  shows.  The  rule prohibits a person from going on board, or being carried in, an aircraft under the influence of liquor or drugs. The Civil Aviation (Offences) Regulations make it an offence.  I recently travelled from the United States to New Zealand in business class  and  was  offered,  long  before  the  aircraft  had  taken  off,  a  second  glass  of champagne before I had finished the first. The merest raising of an eyebrow would have resulted in a third glass. While it may be that the risks increase with the class of travel, that is not necessarily so. On another journey across the Pacific, this time in economy class but some time after take-off, a colleague and I were given a large bottle of rum to share between us on the journey on the pretext, we were told, that supplies of everything else had run out. 80 What  these  examples  indicate  is  that,  in  the  regulation  of  complex  activities, legislative structures inevitably become complex. It is impossible to avoid recourse to  delegated  legislation.  Including  in  statutes  the  material  commonly  put  into regulations and other instruments would swamp them in detail to the point where