Budget Implementation Act, 2016, No. 1 (S.C. 2016, c. 7)

Assented to 2016-06-22

Coming into Force

Marginal note:July 3, 2016
  •  (1) Subsections 207(1), 211(1) and 212(1) and (3) and section 222 come into force or are deemed to have come into force on July 3, 2016.

  • Marginal note:July 9, 2017

    (2) Subsections 207(2), 211(2) and 212(2) and (4) and section 223 come into force on July 9, 2017.

  • Marginal note:Order in council

    (3) Subsection 207(3) and sections 209, 210, 216, 220 and 230 come into force on a day to be fixed by order of the Governor in Council.

  • Marginal note:Order in council

    (4) Sections 208, 213, 214, 219 and 221 come into force on a day to be fixed by order of the Governor in Council, which may be earlier than the day on which the order is made but not earlier than January 1, 2017.

DIVISION 131998, c. 10Canada Marine Act

 The Canada Marine Act is amended by adding the following after section 25.1:

Marginal note:Payments to Canada Place Corporation

25.2 Despite section 25, the Minister of Canadian Heritage may make payments to Canada Place Corporation for Canada Day celebrations and for the celebrations marking the 150th anniversary of Confederation.

DIVISION 142012, c. 19Jobs, Growth and Long-term Prosperity Act

 The Jobs, Growth and Long-term Prosperity Act is amended by adding the following after section 209:

Marginal note:Acquisition of shares
  • 209.1 (1) For the purposes of paragraph 90(1)(b) of the Financial Administration Act, the Minister of Infrastructure, Communities and Intergovernmental Affairs may acquire the shares of PPP Canada Inc.

  • Marginal note:Shares held by appropriate Minister

    (2) The appropriate Minister holds the shares acquired under subsection (1).

  • Marginal note:Appropriate Minister — other transactions

    (3) The appropriate Minister may, with the approval of the Governor in Council, conduct any transaction referred to in any of paragraphs 90(1)(c) to (e) of the Financial Administration Act in respect of PPP Canada Inc.

  • Marginal note:Authorization — parent Crown corporation

    (4) PPP Canada Inc. may, with the approval of the Governor in Council, sell or otherwise dispose of all or substantially all of its assets.

  • Marginal note:Authorization — wholly-owned subsidiaries

    (5) Any of the corporations that are part of the group of corporations that consists of PPP Canada Inc. and of all of its wholly-owned subsidiaries may, with the approval of the Governor in Council, sell or otherwise dispose of any of the assets of the corporations, even if the assets to be sold or otherwise disposed of constitute all or substantially all of the total assets of that group.

 Section 211 of the Act is amended by striking out “and” at the end of paragraph (b), by adding “and” at the end of paragraph (c) and by adding the following after paragraph (c):

  • (d) conducting any activity specified in an order made under section 211.1.

 The Act is amended by adding the following after section 211:

Marginal note:Order in council

211.1 The Governor in Council may, by order, specify any activity in relation to which PPP Canada Inc. is an agent of Her Majesty in right of Canada.

 Section 213 of the Act is repealed.

DIVISION 15Canada Foundation for Sustainable Development Technology

2001, c. 23Canada Foundation for Sustainable Development Technology Act

 Paragraphs 9(2)(a) and (b) of the Canada Foundation for Sustainable Development Technology Act are replaced by the following:

  • (a) the Chairperson of the board appointed by the Governor in Council on the Minister’s recommendation;

  • (b) six persons appointed by the Governor in Council on the Minister’s recommendation; and

2007, c. 29Budget Implementation Act, 2007

 Section 143 of the Budget Implementation Act, 2007 is replaced by the following:

Marginal note:Maximum payment of $200,000,000

143 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Industry, a sum not exceeding $200 million to the Canada Foundation for Sustainable Development Technology for its use.

Marginal note:Clarification — maximum payment

143.1 Despite section 143, the sum that may be paid out under that section is not to exceed the difference between $200 million and the sum paid out of the Consolidated Revenue Fund, on the requisition of the Minister of the Environment and the Minister of Natural Resources to the Canada Foundation for Sustainable Development Technology for its use, under section 143 as it read immediately before the day on which this section comes into force.

 
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