17

 


Third Session, 47th General Assembly

63 Elizabeth II, 2014

BILL 17

AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT AND THE TAX AGREEMENT ACT, 2010

Received and Read the First Time.................................................................................................

Second Reading.................................................................................................................................

Committee..........................................................................................................................................

Third Reading.....................................................................................................................................

Royal Assent......................................................................................................................................

HONOURABLE CHARLENE JOHNSON

Minister of Finance and President of Treasury Board

Ordered to be printed by the Honourable House of Assembly

 

 

EXPLANATORY NOTES

The Bill would amend the Revenue Administration Act to allow the Lieutenant-Governor in Council to make regulations providing for the recovery of overpayments of rebates.

The Bill would also amend the Tax Agreement Act, 2010 to allow the Lieutenant-Governor in Council

·         to make regulations providing for the recovery of overpayments of rebates; and

·         to make regulations with retroactive effect.

A BILL

AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT AND THE TAX AGREEMENT ACT, 2010

Analysis


              REVENUE ADMINISTRATION ACT

        1.   S.107 Amdt.
Regulations

              TAX AGREEMENT ACT, 2010

        2.   S.7 Amdt.
Regulations

 

        3.   Commencement


Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:

REVENUE ADMINISTRATION ACT

SNL2009 cR-15.01 as amended

        1. Section 107 of the Revenue Administration Act is amended by adding immediately after paragraph (f.1) the following:

          (f.2)  providing for the recovery of overpayments of rebates;

TAX AGREEMENT ACT, 2010

SNL2010 cT-0.02

        2. (1) Section 7 of the Tax Agreement Act, 2010 is amended by renumbering it as subsection 7(1).

             (2)  Subsection 7(1) of the Act is amended by deleting the word “and” at the end of paragraph (a) and by adding immediately after paragraph (a) the following:

         (a.1)  providing for the recovery of overpayments of rebates; and

             (3)  Section 7 of the Act is amended by adding immediately after subsection (1) the following:

             (2)  Regulations made under this section may be made with retroactive effect.

Commencement

        3. Section 1 and subsections 2(1) and (2) are considered to have come into force on April 1, 2013.