Jobs, Growth and Long-term Prosperity Act (S.C. 2012, c. 19)

Act current to 2019-06-20 and last amended on 2018-04-01. Previous Versions

PART 4Various Measures (continued)

DIVISION 1Measures with Respect to the Auditor General of Canada (continued)

Canada Revenue Agency Act (continued)

 [Amendment]

Canadian Institutes of Health Research Act

 [Amendment]

 [Amendment]

Transitional Provisions

Marginal note:Canadian Centre for Occupational Health and Safety Act

 The obligations under sections 25 and 26 of the Canadian Centre for Occupational Health and Safety Act, as those sections read immediately before the day on which this Act receives royal assent, continue to apply in respect of the fiscal year beginning on April 1, 2012 but do not apply in respect of any subsequent fiscal year.

Marginal note:Currency Act

 The obligations under subsections 21(2) and 22(2) of the Currency Act, as those subsections read immediately before the day on which this Act receives royal assent, continue to apply in respect of the fiscal year beginning on April 1, 2012 but do not apply in respect of any subsequent fiscal year.

Marginal note:Natural Sciences and Engineering Research Council Act

 The obligations under sections 17 and 18 of the Natural Sciences and Engineering Research Council Act, as those sections read immediately before the day on which this Act receives royal assent, continue to apply in respect of the fiscal year beginning on April 1, 2012 but do not apply in respect of any subsequent fiscal year.

Marginal note:Northern Pipeline Act

 The obligations under sections 13 and 14 of the Northern Pipeline Act, as those sections read immediately before the day on which this Act receives royal assent, continue to apply in respect of the fiscal year beginning on April 1, 2012 but do not apply in respect of any subsequent fiscal year.

Marginal note:Social Sciences and Humanities Research Council Act

 The obligations under sections 19 and 20 of the Social Sciences and Humanities Research Council Act, as those sections read immediately before the day on which this Act receives royal assent, continue to apply in respect of the fiscal year beginning on April 1, 2012 but do not apply in respect of any subsequent fiscal year.

Marginal note:Canadian Transportation Accident Investigation and Safety Board Act

 The obligation under subsection 13(2) of the Canadian Transportation Accident Investigation and Safety Board Act, as that subsection read immediately before the day on which this Act receives royal assent, continues to apply in respect of the fiscal year beginning on April 1, 2011 but does not apply in respect of any subsequent fiscal year.

Marginal note:Canadian Polar Commission Act

 The obligations under sections 20 and 21 of the Canadian Polar Commission Act, as those sections read immediately before the day on which this Act receives royal assent, continue to apply in respect of the fiscal year beginning on April 1, 2012 but do not apply in respect of any subsequent fiscal year.

Marginal note:National Round Table on the Environment and the Economy Act

 The obligations under sections 22 and 23 of the National Round Table on the Environment and the Economy Act, as those sections read immediately before the day on which this Act receives royal assent, continue to apply in respect of the fiscal year beginning on April 1, 2011 but do not apply in respect of any subsequent fiscal year.

Marginal note:Yukon Surface Rights Board Act

 The obligation under subsection 23(5) of the Yukon Surface Rights Board Act, as that subsection read immediately before the day on which this Act receives royal assent, continues to apply in respect of the fiscal year beginning on April 1, 2011 but does not apply in respect of any subsequent fiscal year.

Marginal note:Canadian Food Inspection Agency Act

 The obligations under sections 23 and 32 of the Canadian Food Inspection Agency Act, as those sections read immediately before the day on which this Act receives royal assent, continue to apply in respect of the fiscal year beginning on April 1, 2011 but do not apply in respect of any subsequent fiscal year.

Marginal note:Canada Revenue Agency Act

 The obligations under sections 87 and 88 of the Canada Revenue Agency Act, as those sections read immediately before the day on which this Act receives royal assent, continue to apply in respect of the fiscal year beginning on April 1, 2012 but do not apply in respect of any subsequent fiscal year.

Marginal note:Canadian Institutes of Health Research Act

 The obligations under sections 31 and 32 of the Canadian Institutes of Health Research Act, as those sections read immediately before the day on which this Act receives royal assent, continue to apply in respect of the fiscal year beginning on April 1, 2012 but do not apply in respect of any subsequent fiscal year.

DIVISION 2Life Annuity-like Products

Trust and Loan Companies Act

 [Amendment]

Bank Act

 [Amendment]

 [Amendment]

Cooperative Credit Associations Act

 [Amendment]

DIVISION 3PPP Canada Inc.

Marginal note:Definitions

 For the purposes of this Division, appropriate Minister, Crown corporation and department have the same meanings as in section 2 of the Financial Administration Act.

Marginal note:Acquisition of shares

  •  (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.

  • 2016, c. 7, s. 233

Marginal note:Status of PPP Canada Inc.

 Except as provided in this Division, PPP Canada Inc., incorporated under the Canada Business Corporations Act, is not an agent of Her Majesty in right of Canada.

Marginal note:Agent for certain activities

 PPP Canada Inc. is an agent of Her Majesty in right of Canada in relation to the following activities:

  • (a) assessing public-private partnership opportunities for departments and Crown corporations in accordance with criteria established by the Treasury Board;

  • (b) advising departments and Crown corporations on the implementation of public-private partnership projects;

  • (c) acting as a source of expertise and advice for departments and Crown corporations on public-private partnership issues; and

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

  • 2012, c. 19, s. 211
  • 2016, c. 7, s. 234

Marginal note:Order in council

 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.

  • 2016, c. 7, s. 235
 
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