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Canadian Payments Act (R.S.C., 1985, c. C-21)

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Act current to 2019-08-15 and last amended on 2019-06-23. Previous Versions

AMENDMENTS NOT IN FORCE

  • — 2019, c. 29, s. 93

    • 2014, c. 39, s. 337

      93 Subsection 9.1(1) of the Canadian Payments Act is replaced by the following:

      • Term of office — elected directors
        • 9.1 (1) The elected directors hold office for a term of three years and are eligible to be elected for two further terms.

  • — 2019, c. 29, s. 94

    • 2014, c. 39, s. 339

      94 Subsection 15(1) of the Act is replaced by the following:

      • Chairperson and Deputy Chairperson
        • 15 (1) The elected directors shall elect a Chairperson of the Board and a Deputy Chairperson of the Board from among the directors referred to in paragraph 8(1)(d) for a renewable term of up to three years. However, the Chairperson and Deputy Chairperson shall each serve no more than six years in office in total.

  • — 2019, c. 29, s. 95

      • 95 (1) Subsection 18(1) of the Act is amended by adding the following after paragraph (i):

        • (i.1) prescribing classes of members of the Stakeholder Advisory Council for the purposes of subsection 21.2(7);

      • 2014, c. 39, s. 342(4)

        (2) Subparagraph 18(1)(k)(ii) of the Act is replaced by the following:

        • (ii) the remuneration of directors referred to in paragraph 8(1)(d) and of persons referred to in subsection 21.2(7),

        • (ii.1) the payment of reasonable travel and living expenses incurred by members of the Stakeholder Advisory Council, and

  • — 2019, c. 29, s. 96

    • 2001, c. 9, s. 238
      • 96 (1) Subsection 21.2(1) of the Act is replaced by the following:

        • Stakeholder Advisory Council
          • 21.2 (1) There shall be a Stakeholder Advisory Council consisting of persons appointed by the Board in consultation with the Minister.

      • 2014, c. 39, s. 349(1); 2001, c. 9, s. 238

        (2) Subsections 21.2(3) and (4) of the Act are repealed.

      • 2001, c. 9, s. 238; 2007, c. 6, s. 432(F)

        (3) Subsections 21.2(6) and (7) of the Act are replaced by the following:

        • Remuneration

          (7) The Association may pay the remuneration that is fixed by by-law to the following persons:

          • (a) any member of the Council that falls within a class prescribed by by-laws; and

          • (b) any person who represents the interests of such a member or who is represented by such a member.

        • Travel and living expenses

          (8) The members of the Council may be paid by the Association any reasonable travel and living expenses incurred by them when engaged on the business of the Council while absent from their ordinary places of residence.

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