In addition to the powers granted to the Director in connection with the administration of the collection of the tax imposed under Section 10-192.03, the Director is hereby authorized and empowered: To make, adopt, and amend such rules and regulations as the Director may deem necessary or proper to fully provide for the collection of the tax imposed under Section 10-192.03 and to fully implement exemptions from such tax; To audit the records of any vendor to assure compliance with the provisions of this Subdivision; To compromise disputed claims in connection with the tax imposed under Section 10-192.03; To delegate any of the Director's powers, duties, and functions in connection with the administration of the collection of the tax imposed under Subdivision as deemed necessary; and To extend for good cause shown, the time required of vendors for filing any return required to be filed under this Subdivision, for such period of time as the Director may deem reasonable.