Jobs, Growth and Long-term Prosperity Act (S.C. 2012, c. 19)
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Act current to 2024-11-26 and last amended on 2024-01-01. Previous Versions
PART 4Various Measures (continued)
DIVISION 33International Centre for Human Rights and Democratic Development Act (continued)
Closing Out of Affairs (continued)
Marginal note:Number of directors
493 (1) The Board may consist of fewer than 13 directors.
Marginal note:No appointment by Board
(2) The Board is not permitted to appoint directors under subsection 10(2) of the International Centre for Human Rights and Democratic Development Act.
Marginal note:Quorum
(3) Five directors constitute a quorum at any meeting of the Board.
Marginal note:No compensation
(4) Despite the provisions of any contract, agreement or order, no person appointed to hold office as a director, other than the President, has any right to claim or receive any compensation, damages, indemnity or other form of relief from Her Majesty in right of Canada or from any employee or agent of Her Majesty for ceasing to hold that office or for the abolition of that office by the operation of this Division.
Marginal note:Disposal of assets
494 (1) The Centre is authorized to sell or otherwise dispose of all or substantially all of its assets and do everything necessary for or incidental to closing out its affairs.
Marginal note:Debts and liabilities
(2) The Centre must apply any proceeds from the disposal of its assets in satisfaction of its debts and liabilities.
Marginal note:Directions
(3) The Minister may give directions to the Centre to do anything that in his or her opinion is necessary
(a) in respect of the exercise of its powers under subsection 5(1) of the International Centre for Human Rights and Democratic Development Act; and
(b) to sell or otherwise dispose of all or substantially all of its assets, satisfy its debts and liabilities, manage its expenses or otherwise close out its affairs.
Marginal note:Directions binding
(4) The Centre must comply with the directions.
Marginal note:Transfer of records
495 The President must transfer to the Department of Foreign Affairs, Trade and Development the following items, including any electronic versions of them:
(a) the books of account and other financial records, as well as any information that the Centre collected in order to produce them; and
(b) any studies that the Centre has under its control, and any other information that it has collected through research.
- 2012, c. 19, s. 495
- 2013, c. 33, s. 195
Transitional Provisions
Marginal note:References
496 Every reference to the Centre in a deed, contract or other document executed by the Centre in its own name is to be read, unless the context otherwise requires, as a reference to Her Majesty in right of Canada.
Marginal note:Surplus
497 (1) Any surplus that remains after the satisfaction of the Centre’s debts and liabilities belongs to Her Majesty in right of Canada.
Marginal note:Unsatisfied debts and liabilities
(2) Any of the Centre’s debts and liabilities that remain unsatisfied on the day on which this subsection comes into force become the debts and liabilities of Her Majesty in right of Canada.
Marginal note:Commencement of legal proceedings
498 (1) Any action, suit or other legal proceeding in respect of an obligation or liability incurred by the Centre may be brought against Her Majesty in right of Canada in any court that would have had jurisdiction if the action, suit or other legal proceeding had been brought against the Centre.
Marginal note:Continuation of legal proceedings
(2) Any action, suit or other legal proceeding to which the Centre is a party that is pending in a court on the coming into force of this subsection may be continued by or against Her Majesty in right of Canada in the same manner and to the same extent as it could have been continued by or against the Centre.
Marginal note:Auditor
499 After the closing out of the Centre’s affairs, its accounts and financial transactions shall be audited by the Auditor General of Canada, and a report of the audit shall be made to the Minister.
Marginal note:Report to Parliament
500 The Minister shall prepare a report, containing the Centre’s financial statements and the Auditor General’s report, within four months after this section comes into force, and shall cause the report to be laid before each House of Parliament on any of the first 15 days on which that House is sitting after the day on which the report is completed.
Consequential Amendments
Access to Information Act
501 [Amendment]
Privacy Act
502 [Amendment]
Public Service Superannuation Act
503 [Amendment]
Repeal
504 [Repeal]
Coming into Force
Marginal note:Order in council
Footnote *505 Sections 496 to 504 come into force on a day to be fixed by order of the Governor in Council.
Return to footnote *[Note: Sections 496 to 504 in force July 27, 2012, see SI/2012-61.]
DIVISION 34Health of Animals Act
Amendments to the Act
506 [Amendment]
507 [Amendment]
508 [Amendment]
509 [Amendment]
510 [Amendment]
511 [Amendments]
512 [Amendments]
513 [Amendment]
514 [Amendment]
Coming into Force
Marginal note:January 1, 2013 or royal assent
515 This Division comes into force on January 1, 2013 or, if it is later, on the day on which this Act receives royal assent.
DIVISION 35Canada School of Public Service Act
Amendments to the Act
516 [Amendment]
517 [Amendment]
518 [Amendment]
519 [Amendment]
520 [Amendment]
521 [Amendment]
522 [Amendment]
Consequential Amendments to the Financial Administration Act
523 [Amendment]
524 [Amendment]
DIVISION 36Bank Act
525 [Amendment]
DIVISION 37Corrections and Conditional Release Act
Amendments to the Act
526 [Amendment]
527 [Amendment]
Transitional Provision
528 [Transitional Provision]
Coordinating Amendments
529 [Amendments]
Coming into Force
Marginal note:Order in council
Footnote *530 Sections 526 to 528 come into force on a day to be fixed by order of the Governor in Council.
Return to footnote *[Note: Sections 526 to 528 in force December 1, 2012, see SI/2012-88.]
DIVISION 38Coasting Trade Act
531 [Amendment]
DIVISION 39Status of the Artist Act
Amendments to the Act
532 [Amendments]
533 [Amendment]
534 [Amendment]
535 [Amendments]
536 [Amendments]
537 [Amendment]
538 [Amendment]
539 [Amendment]
540 [Amendment]
541 [Amendment]
542 [Amendments]
543 [Amendments]
544 [Amendment]
545 [Amendments]
546 [Amendment]
547 [Amendment]
548 [Amendment]
549 [Amendment]
550 [Amendment]
551 [Amendments]
552 [Amendment]
553 [Amendment]
554 [Amendment]
555 [Amendment]
556 [Amendments]
557 [Amendments]
558 [Amendment]
559 [Amendment]
560 [Amendment]
561 [Amendment]
562 [Amendment]
563 [Amendment]
Transitional Provisions
564 [Transitional Provision]
565 [Transitional Provision]
566 [Transitional Provision]
567 [Transitional Provision]
568 [Transitional Provision]
569 [Transitional Provision]
570 [Transitional Provision]
Consequential Amendments
Access to Information Act
571 [Amendment]
Federal Courts Act
572 [Amendment]
Financial Administration Act
573 [Amendment]
574 [Amendment]
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