16

 


First Session, 46th General Assembly

57 Elizabeth II, 2008

BILL 16

AN ACT TO AMEND THE FORESTRY ACT

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

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

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

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

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

HONOURABLE KATHY DUNDERDALE

Minister of Natural Resources

Ordered to be printed by the Honourable House of Assembly

 

EXPLANATORY NOTES

This Bill would amend the Forestry Act to delete references to the fiscal year.  Instead, references would be to a calendar year.

Clause 1 of this Bill would delete a reference to "April 1" and substitute instead a reference to "January 1".

Clause 2 of the Bill would amend a subsection of the Act relating to the ability to make retroactive regulations setting timber royalty rates.  Currently, those rates can be made retroactively based on a fiscal year.  The proposed change would allow the rates to be made retroactively on a calendar year basis.

Clause 3 of the Bill is a commencement clause.  It would make the changes contained in the Bill retroactive to January 1 of this year so the proposed change can be effective for 2008.

A BILL

AN ACT TO AMEND THE FORESTRY ACT

Analysis


        1.   S.29 Amdt.
Royalty payable

        2.   S.35 Amdt.
Regulations re: royalties

        3.   Commencement


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

RSNL1990 cF-23 as amended

        1. Subsection 29(4) of the Forestry Act is amended by deleting the date "April 1" and substituting the date "January 1".

 

        2. Subsection 35(2) of the Act is repealed and the following substituted:

             (2)  Regulations made under subsection (1) respecting stumpage rates or other royalties or charges may be made with retroactive effect to January 1 of the year in which the stumpage rates or other royalties or charges are payable.

Commencement

        3. This Act shall be considered to have come into force on January 1, 2008.