HONOURABLE CAROLE JAMES
MINISTER OF FINANCE
AND DEPUTY PREMIER

BILL 13 – 2017

POOLED REGISTERED PENSION PLANS
AMENDMENT ACT, 2017

HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

1 Section 3 (2) of the Pooled Registered Pension Plans Act, S.B.C. 2014, c. 17, is amended in the Table by striking out "Canada Gazette" in Column 1 and "British Columbia Gazette" in Column 2.

2 Section 3 (3) (b) is amended

(a) by adding ""designated province"," after ""common-law partnership",", and

(b) by adding ""Minister"," after ""included employment",".

3 Section 3 (4) is repealed and the following substituted:

(4) For the purposes of its application under this Act, section 6 (4) [publication – Gazette] of the federal Act must be read as follows:

(4) The minister must cause to be published in the Gazette

(a) a notice of the date on which a multilateral agreement comes into effect with respect to pooled registered pension plans;

(b) a notice of the date on which an amendment to a multilateral agreement comes into effect with respect to pooled registered pension plans; and

(c) if the government of British Columbia withdraws from a multilateral agreement or a multilateral agreement terminates, a notice of the effective date of the withdrawal or termination.

Commencement

4  The provisions of this Act referred to in column 1 of the following table come into force as set out in column 2 of the table:

Item Column 1
Provisions of Act
Column 2
Commencement
1 Anything not elsewhere covered by this table The date of Royal Assent
2 Section 2 By regulation of the Lieutenant Governor in Council