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Third
Session, 48th General Assembly 67 Elizabeth II, 2018 |
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AN ACT TO AMEND THE CORPORATIONS
ACT |
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Received and Read the First Time................................................................ |
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Second
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Committee..................................................................................................... |
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Third
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Royal Assent................................................................................................. |
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HONOURABLE SHERRY GAMBIN-WALSH Minister of Service
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Ordered to be printed by
the Honourable House of Assembly |
EXPLANATORY NOTES This Bill would amend the Corporations Act to · add definitions for "immigration agreement", "international entrepreneur" and "international graduate entrepreneur"; and · expand the definition of "resident Canadian". A BILL AN ACT TO AMEND THE CORPORATIONS ACT Analysis 1.
S.2 Amdt. 2. Commencement Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: RSNL1990 cC-36 1. (1) Section 2 of the Corporations Act is amended by adding immediately after paragraph (o) the following: (o.1) "immigration agreement" means the
Canada-Newfoundland and Labrador Immigration Agreement entered into by the
Government of Canada and the government of the province dated July 7, 2016, any
amendments to that agreement and a successor agreement; (2) Section 2 of the Act is amended by adding immediately after paragraph (q) the following: (q.1) "international entrepreneur" means an individual who is (i) a member of the international entrepreneur category established in accordance with the immigration agreement, and (ii) ordinarily resident in (q.2) "international graduate entrepreneur" means an individual who is (i) a member of the international graduate entrepreneur category established in accordance with the immigration agreement, and (ii) ordinarily resident in (3) Paragraph 2(y) of the Act is repealed and the
following substituted: (y) "resident Canadian" means an individual who is (i) a
Canadian citizen ordinarily resident in (ii) a
Canadian citizen not ordinarily resident in (iii) a permanent resident within the meaning of the Immigration and Refugee Protection Act (Canada) and ordinarily resident in Canada, except a permanent resident who has been ordinarily resident in Canada for more than one year after the time at which he or she first became eligible to apply for Canadian citizenship, (iv) an
international entrepreneur, or (v) an international graduate entrepreneur; Commencement 2. This Act comes into force on a day to be proclaimed by the Lieutenant-Governor in Council. ©Queen's Printer |