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Budget Implementation Act, 2018, No. 2 (S.C. 2018, c. 27)

Assented to 2018-12-13

PART 4Various Measures (continued)

DIVISION 5Greenhouse Gas Emissions Pricing and Other Topics Relating to Offshore Area (continued)

1987, c. 3Canada–Newfoundland and Labrador Atlantic Accord Implementation Act (continued)

 The Act is amended by adding the following after section 164:

Pricing for Greenhouse Gas Emissions

Marginal note:Definitions

164.1 The following definitions apply in sections 164.2 and 164.3.

greenhouse gas

greenhouse gas has the same meaning as the definition of greenhouse gas in paragraph 2(f) of the Management of Greenhouse Gas Act, S.N.L. 2016, c. M-1.001. (gaz à effet de serre)

Management of Greenhouse Gas Act

Management of Greenhouse Gas Act means the Management of Greenhouse Gas Act, S.N.L. 2016, c. M-1.001, and its regulations, as amended from time to time. (texte provincial)

Marginal note:Application

  • 164.2 (1) Subject to subsection (2), the provisions of the Management of Greenhouse Gas Act relating to greenhouse gas emissions pricing apply, with any modifications that the circumstances require and that may be prescribed, to a work or activity authorized under this Part that is carried out within the offshore area.

  • Marginal note:Limitation

    (2) Subsection (1) does not apply to any provision of the Management of Greenhouse Gas Act that imposes a tax.

  • Marginal note:Statutory Instruments Act

    (3) The Statutory Instruments Act does not apply to any instrument made by a provincial official or body under the authority of the provisions of the Management of Greenhouse Gas Act that are incorporated by reference under subsection (1).

  • Marginal note:Service Fees Act

    (4) For greater certainty, the Service Fees Act does not apply to any fee, charge or levy that is fixed under the provisions of the Management of Greenhouse Gas Act that are incorporated by reference under subsection (1).

  • Marginal note:Federal Courts Act

    (5) Any official or body that exercises a power or performs a duty or function under the provisions of the Management of Greenhouse Gas Act that are incorporated by reference under subsection (1) is not a federal board, commission or other tribunal for the purposes of the Federal Courts Act.

  • Marginal note:Review or appeal in Provincial courts

    (6) If a power is conferred or a duty or function is imposed by the provisions of the Management of Greenhouse Gas Act that are incorporated by reference under subsection (1), the exercise of the power or the performance of the duty or function is subject to review by, or appeal to, the courts of the Province in the same manner and to the same extent as if the laws of the Province applied.

  • Marginal note:Amounts collected

    (7) Payments collected by an official or body under the provisions of the Management of Greenhouse Gas Act that are incorporated by reference under subsection (1) belong to Her Majesty in right of the Province and are not public money for the purposes of the Financial Administration Act.

Marginal note:Powers, duties and functions of Board

  • 164.3 (1) The Board may, under an agreement with the appropriate provincial Minister or in accordance with the Management of Greenhouse Gas Act, exercise any power or perform any duty or function set out in that agreement or Act to ensure, within the offshore area, the administration and enforcement of the pricing mechanisms for greenhouse gas emissions set out in the provisions of that Act that are incorporated by reference under subsection 164.2(1).

  • Marginal note:Liability for acts and omissions

    (2) In respect of any act or omission occurring in the exercise of a power or the performance of a duty or function under subsection (1),

    • (a) Her Majesty in right of Canada is entitled to the same limits on liability, defences and immunities as those that would apply to Her Majesty in right of the Province when Her Majesty in right of the Province exercises such a power or performs such a duty or function under the law that applies in the Province; and

    • (b) any person or body exercising the power or performing the duty or function is entitled to the same limits on liability, defences and immunities as those that would apply to a person or body when the person or body exercises such a power or performs such a duty or function under the law that applies in the Province.

  • Marginal note:Disclosure of information

    (3) In exercising its powers and performing its duties and functions under subsection (1), the Board may obtain from the appropriate provincial Minister and disclose to that Minister any information with respect to the administration of the Management of Greenhouse Gas Act.

2018, c. 12Greenhouse Gas Pollution Pricing Act

 The Greenhouse Gas Pollution Pricing Act is amended by adding the following after section 189:

Marginal note:Non-application

189.1 Despite section 164.2 of the Canada–Newfoundland and Labrador Atlantic Accord Implementation Act, if the offshore area, as defined in section 2 of that Act, is mentioned in Part 2 of Schedule 1 to this Act, section 164.2 of that Act does not apply.

2014, c. 13Offshore Health and Safety Act

 Subsection 53(5) of the Offshore Health and Safety Act is replaced by the following:

  • Marginal note:Repeal

    (5) Unless repealed on an earlier date, the Canada–Newfoundland and Labrador Offshore Marine Installations and Structures Occupational Health and Safety Transitional Regulations, the Canada–Newfoundland and Labrador Offshore Marine Installations and Structures Transitional Regulations and the Canada–Newfoundland and Labrador Offshore Area Diving Operations Safety Transitional Regulations are repealed on the expiry of six years after the day on which this section comes into force.

 Subsection 92(5) of the Act is replaced by the following:

  • Marginal note:Repeal

    (5) Unless repealed on an earlier date, the Canada–Nova Scotia Offshore Marine Installations and Structures Occupational Health and Safety Transitional Regulations, the Canada–Nova Scotia Offshore Marine Installations and Structures Transitional Regulations and the Canada–Nova Scotia Offshore Area Diving Operations Safety Transitional Regulations are repealed on the expiry of six years after the day on which this section comes into force.

Coming into Force

Marginal note:Order in council

 Sections 176 to 178 come into force or are deemed to have come into force on a day to be fixed by order of the Governor in Council, but that day must not be before January 1, 2019.

DIVISION 6R.S., c. C-44Canada Business Corporations Act

Amendments to the Act

 The Canada Business Corporations Act is amended by adding the following after section 2:

Marginal note:Individual with significant control

  • 2.1 (1) For the purposes of this Act, any of the following individuals is an individual with significant control over a corporation:

    • (a) an individual who has any of the following interests or rights, or any combination of them, in respect of a significant number of shares of the corporation:

      • (i) the individual is the registered holder of them,

      • (ii) the individual is the beneficial owner of them, or

      • (iii) the individual has direct or indirect control or direction over them;

    • (b) an individual who has any direct or indirect influence that, if exercised, would result in control in fact of the corporation; or

    • (c) an individual to whom prescribed circumstances apply.

  • Marginal note:Joint ownership or control

    (2) Two or more individuals are each considered to be an individual with significant control over a corporation if, in respect of a significant number of shares of the corporation,

    • (a) an interest or right, or a combination of interests or rights, referred to in paragraph (1)(a) is held jointly by those individuals; or

    • (b) a right, or combination of rights, referred to in paragraph (1)(a) is subject to any agreement or arrangement under which the right or rights are to be exercised jointly or in concert by those individuals.

  • Marginal note:Significant number of shares

    (3) For the purposes of this section, a significant number of shares of a corporation is

    • (a) any number of shares that carry 25% or more of the voting rights attached to all of the corporation’s outstanding voting shares; or

    • (b) any number of shares that is equal to 25% or more of all of the corporation’s outstanding shares measured by fair market value.

 

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