An Act to amend the Agricultural Marketing Programs Act (S.C. 2006, c. 3)
Full Document:
Assented to 2006-06-22
18. Section 51.1 of the Act is replaced by the following:
Marginal note:Defaults
51.1 For the purpose of applying paragraph 10(1)(e), a default under a repayment agreement includes a default in repaying an advance made under the Advance Payments for Crops Act on or before March 31, 1997.
19. Section 52.1 of the Act is replaced by the following:
Marginal note:Defaults
52.1 For the purpose of applying paragraph 10(1)(e), a default under a repayment agreement includes a default in repaying an advance payment made under the Prairie Grain Advance Payments Act on or before May 31, 1997.
20. The Act is amended by adding, at the end of the Act, the schedule set out in the schedule to this Act.
Marginal note:Transitional
21. (1) The following definitions apply in this section.
“new Act”
« nouvelle loi »
“new Act” means the Agricultural Marketing Programs Act as it reads on the day on which this Act comes into force.
“old Act”
« ancienne loi »
“old Act” means the Agricultural Marketing Programs Act as it read immediately before the day on which this Act comes into force.
Marginal note:Old Act continues to apply
(2) The old Act continues to apply after the day this Act comes into force with respect to advance guarantee agreements and repayment agreements entered into under the old Act that are still in existence on the day on which this Act comes into force.
Marginal note:Unpaid amounts — old Act
(3) Amounts remaining unpaid in respect of advances made under advance guarantee agreements entered into under the old Act that are still in existence on the day on which this Act comes into force are to be taken into account for the purposes of applying the new Act.
Marginal note:Unpaid amounts — spring credit advances
(4) Amounts remaining unpaid in respect of advances made under agreements entered into under the Spring Credit Advance Program or the Enhanced Spring Credit Advance Program that are still in existence on the day on which this Act comes into force are to be taken into account for the purposes of applying the new Act.
Marginal note:Default — spring credit advances
(5) A default under a repayment agreement entered into under the Spring Credit Advance Program or the Enhanced Spring Credit Advance Program is deemed to be a default under a repayment agreement entered into under the new Act.
Marginal note:Retroactive effect of regulations
(6) For the purpose of implementing the amendments to the Agricultural Marketing Programs Act enacted by this Act, a regulation made under the new Act, shall, if the regulation so provides, be retroactive and be deemed to have come into force on a day earlier than the day on which the regulation was made, which earlier day may not be before the day on which this Act comes into force.
Marginal note:Coming into force
22. This Act comes into force on a day to be fixed by order of the Governor in Council.
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