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Jobs and Economic Growth Act (S.C. 2010, c. 12)

Assented to 2010-07-12

1856. Paragraph 19(1)(a) of the Act is replaced by the following:

  • (a) designating, as a violation that may be proceeded with under sections 20 to 31, the contravention of a specified consumer provision, or the non-compliance with

    • (i) a compliance agreement entered into under an Act listed in Schedule 1, and

    • (ii) terms and conditions, undertakings or directions referred to in subparagraph 3(2)(a)(ii).

1857. Schedule 1 to the Act is amended by replacing “(Subsections 5(1) and 19(1) and section 20)” after the heading “SCHEDULE 1” with “(Subsections 3(2), 5(1) and 19(1) and section 20)”.

Consequential Amendments

Marginal note:1991, c. 46

Bank Act

1858. Section 973.02 of the Bank Act is amended by adding the following after subsection (1):

  • Marginal note:Commissioner — supervision of terms, conditions and undertakings

    (1.1) If the Minister specifies that the Commissioner is to supervise a bank to determine if it is complying with any terms and conditions that are imposed, or undertakings that are required, by the Minister for the protection of the bank’s customers, the Commissioner may take the same measures that the Commissioner could take if the terms and conditions or undertaking were a consumer provision.

Marginal note:1991, c. 48

Cooperative Credit Associations Act

1859. Section 459.4 of the Cooperative Credit Associations Act is amended by adding the following after subsection (1):

  • Marginal note:Commissioner — supervision of terms, conditions and undertakings

    (1.1) If the Minister specifies that the Commissioner is to supervise an association to determine if it is complying with any terms and conditions that are imposed, or undertakings that are required, by the Minister for the protection of the association’s customers, the Commissioner may take the same measures that the Commissioner could take if the terms and conditions or undertaking were a consumer provision.

Marginal note:1991, c. 47

Insurance Companies Act

1860. Section 1016.2 of the Insurance Companies Act is amended by adding the following after subsection (1):

  • Marginal note:Commissioner — supervision of terms, conditions and undertakings

    (1.1) If the Minister specifies that the Commissioner is to supervise a company to determine if it is complying with any terms and conditions that are imposed, or undertakings that are required, by the Minister for the protection of the company’s customers, the Commissioner may take the same measures that the Commissioner could take if the terms and conditions or undertaking were a consumer provision.

Marginal note:1991, c. 45

Trust and Loan Companies Act

1861. Section 527.4 of the Trust and Loan Companies Act is amended by adding the following after subsection (1):

  • Marginal note:Commissioner — supervision of terms, conditions and undertakings

    (1.1) If the Minister specifies that the Commissioner is to supervise a company to determine if it is complying with any terms and conditions that are imposed, or undertakings that are required, by the Minister for the protection of the company’s customers, the Commissioner may take the same measures that the Commissioner could take if the terms and conditions or undertaking were a consumer provision.