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Canada Deposit Insurance Corporation Act (R.S.C., 1985, c. C-3)

Act current to 2022-09-11 and last amended on 2022-06-23. Previous Versions

AMENDMENTS NOT IN FORCE

  • — 2014, c. 39, s. 268

  • — 2021, c. 23, s. 129

    • 129 Section 39.24 of the English version of the Act is replaced by the following:

      • Determination and decision conclusive

        39.24 Except as otherwise provided in this Act, a determination or decision made by the Corporation under section 39.23 or by an assessor appointed under section 39.26 is for all purposes final and conclusive and shall not be questioned or reviewed in any court.

  • — 2021, c. 23, s. 130

    • 130 Section 39.26 of the Act is replaced by the following:

      • Appointment of assessor
        • 39.26 (1) In the circumstances prescribed by the regulations, the Governor in Council shall, by order, appoint as assessor a judge who is in receipt of a salary under the Judges Act to review a determination made by the Corporation under subsection 39.23(1).

        • Review

          (2) In reviewing the Corporation’s determination, the assessor shall decide whether the Corporation made its determination based on an erroneous finding of fact that it made in a perverse or capricious manner or without regard for the material before it or on an unreasonable estimate.

        • Confirmation of determination

          (3) If the assessor decides that the Corporation did not make its determination based on such a finding of fact or on such an estimate, the assessor shall confirm the Corporation’s determination.

        • Determination of amount

          (4) If the assessor decides that the Corporation made its determination based on such a finding of fact or on such an estimate, the assessor shall determine, in accordance with the regulations and the by-laws, the amount of compensation, if any, to be paid to the prescribed person and substitute the assessor’s determination for the Corporation’s determination.

  • — 2021, c. 23, s. 131

    • 131 Subsection 39.28(2) of the Act is replaced by the following:

      • By-laws

        (2) The Corporation may make by-laws respecting compensation for the purposes of sections 39.23 and 39.26.

  • — 2021, c. 23, s. 132

    • 132 Section 6.1 of the schedule to the Act is repealed.

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