Canada–Nova Scotia Offshore Petroleum Cost Recovery Regulations (SOR/2016-22)

Marginal note:Definitions

1 The following definitions apply in these Regulations.

Act

Act means the Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act. (Loi)

actual full cost

actual full cost means the full cost confirmed by the Board’s audited financial statements. (coût entier réel)

direct regulatory activities

direct regulatory activities means the activities that are required for the Board to fulfill its regulatory responsibilities such as assessing applications, issuing licences, granting approvals and authorizations, verifying and enforcing compliance with the Act and providing information, products and services. (activités de réglementation directes)

indirect regulatory costs

indirect regulatory costs means the costs that support the Board’s direct regulatory activities such as office accommodation, supplies and equipment, professional services, communications, travel, management, training, administration, human resources services, finance, information technology services, hardware and software, the preparation of documents (including policies, standards, guidelines, procedures and notices) and the provision of technical expertise (including any advice relating to legislation or regulations) to the Federal Minister or the Provincial Minister at that Minister’s request. (coûts de réglementation indirects)

project

project means the work or the activity referred to in paragraph 142(1)(b) of the Act. (projet)