Fifth Session, Thirty-Ninth Legislature
This version is based on the printed bill that was distributed in the Legislature after First Reading. It is not the official version. If accuracy is critical, you can obtain a copy of the printed bill from Statutory Publications or view the online bilingual version (PDF).
Bill 50
THE THOMPSON NICKEL BELT SUSTAINABILITY ACT
Section |
Table of Contents |
| INTRODUCTORY PROVISIONS | |
| 1 | Definitions |
| PAYMENT IN LIEU — VALE | |
| 2(1) | Vale to make payment in lieu for 2011 and 2012 |
| (2) | Instalments |
| (3) | Due date no sooner than 30 days after coming into force |
| (4) | Payment replaces amount owed under agreement |
| 3(1) | Unpaid amount a debt owing to the LGD |
| (2) | Certificate of debt |
| 4 | Disposition of money received |
| THOMPSON NICKEL BELT ECONOMIC DEVELOPMENT FUND | |
| 5(1) | Fund established |
| (2) | Corporations Act not applicable |
| (3) | Not Crown agent |
| 6 | Objects of the fund |
| 7 | Support for operation of fund |
| 8(1) | Powers of the fund |
| (2) | General powers |
| 9(1) | Duty of board |
| (2) | Duties of directors |
| 10(1) | Number of directors |
| (2) | Board to include interested parties |
| (3) | Chair and vice-chair |
| (4) | Function of vice-chair |
| (5) | Term of office |
| (6) | Appointment continues |
| 11 | By-laws |
| 12 | Remuneration of directors |
| 13 | Auditor |
| 14(1) | Annual report |
| (2) | Publication of annual report |
| GENERAL MATTERS | |
| 15 | Application |
| 16 | Conflict |
| 17 | Protection from liability |
| 18 | Regulations |
| 19 | C.C.S.M. reference |
| 20 | Coming into force |