Financial Administration Act (R.S.C., 1985, c. F-11)

Act current to 2016-09-18 and last amended on 2016-07-08. Previous Versions

Application

Marginal note:Binding on the Crown

 For greater certainty, this Part is binding on the Crown.

  • 1984, c. 31, s. 11.
Marginal note:Exemption for Bank of Canada
  •  (1) Divisions I to IV, except for sections 89.8 to 89.92, 131.1 and 154.01, do not apply to the Bank of Canada.

  • Marginal note:Exemption for Canada Pension Plan Investment Board

    (1.01) Divisions I to IV, except for section 154.01, do not apply to the Canada Pension Plan Investment Board.

  • Marginal note:Exempted Crown corporations

    (1.1) Divisions I to IV, except for sections 89.8 to 89.92, subsection 105(2) and sections 113.1, 119, 131 to 148 and 154.01, do not apply to the Canada Council for the Arts, the Canadian Broadcasting Corporation, the International Development Research Centre or the National Arts Centre Corporation.

  • Marginal note:Exemption for Telefilm Canada

    (1.2) Divisions I to IV, except for sections 89.8 to 89.92, subsection 105(2) and sections 113.1, 119, 131 to 148 and 154.01 and subject to subsection 21(2) of the Telefilm Canada Act, do not apply to Telefilm Canada.

  • Marginal note:Idem

    (2) Divisions I to V do not apply to any Crown corporation incorporated or acquired, with the written authorization of the appropriate Minister,

    • (a) by or on behalf of the Royal Canadian Mounted Police for the purpose of performing its functions under the laws of Canada; or

    • (b) by or on behalf of any service established by an Act of Parliament to collect information and intelligence respecting the security of Canada.

  • Marginal note:Exemption for federal member institution

    (2.1) Divisions I to IV do not apply to a member institution, as defined in section 2 of the Canada Deposit Insurance Corporation Act, any shares of which are held by the Canada Deposit Insurance Corporation as the result of the granting of an exemption referred to in section 10.01 of that Act.

  • (3) and (4) [Repealed, 2016, c. 7, s. 163]

  • R.S., 1985, c. F-11, s. 85;
  • R.S., 1985, c. 46 (1st Supp.), s. 7;
  • 1992, c. 26, s. 18;
  • 1993, c. 1, s. 9, c. 44, s. 156;
  • 1997, c. 40, s. 108;
  • 1998, c. 17, s. 31;
  • 2001, c. 11, s. 6, c. 34, s. 16;
  • 2002, c. 17, s. 14;
  • 2005, c. 14, s. 8, c. 30, ss. 35, 51;
  • 2006, c. 9, s. 262;
  • 2009, c. 2, ss. 257, 369, c. 31, s. 59;
  • 2013, c. 33, s. 228;
  • 2016, c. 7, s. 163.
Marginal note:Application to wholly-owned subsidiaries
  •  (1) Each parent Crown corporation shall take such steps in relation to the articles, by-laws and management of each wholly-owned subsidiary of the corporation, if any, as are necessary to ensure that the businesses, activities and other affairs of the subsidiary are carried on in accordance with this Part and the regulations.

  • Marginal note:Idem

    (2) The Governor in Council may declare any provision of this Part that applies only to parent Crown corporations to apply to a wholly-owned subsidiary, and the provision applies, with such modifications as the circumstances require, to that wholly-owned subsidiary as if it were a parent Crown corporation.

  • R.S., 1985, c. F-11, s. 86;
  • 1991, c. 24, s. 22.
Marginal note:Inconsistencies

 Except as otherwise expressly provided, in the event of any inconsistency between the provisions of this Part and the provisions of any other Act of Parliament, the provisions of this Part prevail.

  • 1984, c. 31, s. 11.

DIVISION ICorporate Affairs

Accountability to Parliament

Marginal note:Accountability to Parliament

 Each Crown corporation is ultimately accountable, through the appropriate Minister, to Parliament for the conduct of its affairs.

  • 1984, c. 31, s. 11.

Directives

Marginal note:Directives by Governor in Council
  •  (1) The Governor in Council may, on the recommendation of the appropriate Minister, give a directive to any parent Crown corporation, if the Governor in Council is of the opinion that it is in the public interest to do so.

  • Marginal note:Consultation

    (2) Before a directive is given to a parent Crown corporation, the appropriate Minister shall consult the board of directors of the corporation with respect to the content and effect of the directive.

  • (3) [Repealed, 1991, c. 24, s. 23]

  • Marginal note:Tabling in Parliament

    (4) The appropriate Minister shall cause a copy of any directive given to a parent Crown corporation to be laid before each House of Parliament on any of the first fifteen days on which that House is sitting after the directive is given.

  • (5) [Repealed, 1991, c. 24, s. 23]

  • Marginal note:Notification of implementation

    (6) Forthwith after implementing a directive and completing any actions required to be taken in connection therewith, a parent Crown corporation shall notify the appropriate Minister that the directive has been implemented.

  • Marginal note:Restriction

    (7) No directive shall be given to the Standards Council of Canada with respect to

    • (a) the manner in which voluntary standardization is promoted; or

    • (b) the provision of financial assistance to or for the benefit of a particular person or group of persons.

  • R.S., 1985, c. F-11, s. 89;
  • 1991, c. 24, s. 23.
Marginal note:Implementation
  •  (1) The directors of a parent Crown corporation to which a directive is given shall ensure that the directive is implemented in a prompt and efficient manner and, if in so doing they act in accordance with section 115, they are not accountable for any consequences arising from the implementation of the directive.

  • Marginal note:Best interests

    (2) Compliance by a parent Crown corporation with a directive is deemed to be in the best interests of the corporation.

  • Definition of directive

    (3) In this section, directive means

  • 1991, c. 24, s. 24;
  • 1998, c. 10, s. 173;
  • 2014, c. 20, s. 188;
  • 2015, c. 3, ss. 94(F), 175(F).

Implementation of World Trade Organization Agreement

Marginal note:Directive
  •  (1) Notwithstanding subsections 85(1) to (1.2), the Governor in Council may give a directive pursuant to subsection 89(1) to any parent Crown corporation for the purpose of implementing any provision of the WTO Agreement that pertains to that Crown corporation.

  • Marginal note:Regulations

    (2) The Governor in Council may, on the recommendation of the Treasury Board and the appropriate Minister made at the request of a Crown corporation, make such regulations in relation to that corporation as the Governor in Council considers necessary for the purpose of implementing any provision of the WTO Agreement that pertains to that corporation.

  • Marginal note:Definition

    (3) In subsections (1) and (2), WTO Agreement has the meaning given to the word Agreement by subsection 2(1) of the World Trade Organization Agreement Implementation Act.

  • 1994, c. 47, s. 116;
  • 2006, c. 9, s. 263.

Implementation of Agreement on Internal Trade

Marginal note:Directive

 Notwithstanding subsections 85(1) to (1.2), the Governor in Council may give a directive pursuant to subsection 89(1) to any parent Crown corporation for the purpose of implementing any provision of the Agreement as that term is defined in section 2 of the Agreement on Internal Trade Implementation Act that pertains to that Crown corporation.

  • 1996, c. 17, s. 16;
  • 2006, c. 9, s. 264.
 
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