ENERGY
& MINES |
Energy
and Mines News:
MABC Supports Federal Commitment to Streamline
Review Process for Mining Projects
The Mining Association of British Columbia (MABC) commends the
federal government for the commitment shown in today’s
budget to modernize the review process for resource projects
based on the principle of “one project, one review”.
The MABC is also pleased to see the commitments to invest in
aboriginal training and education, and changes to the
immigration rules, both of which will support the
industry’s growing labour needs. With new and expanding
mining projects proposed across BC, it is timely for the federal
government to propose to modernize the review process for major
economic projects. The goal of establishing clear timelines and
reducing duplication and regulatory burden can be expected to
improve Canada’s competitiveness in the resource sector,
help create jobs and ensure the environment is protected. Read
the MABC
news release.
New Rules Proposed for U.S. Power Plants
The U.S. Environmental Protection Agency proposed on Tuesday a
rule to cut carbon dioxide emissions from power plants. The EPA
Proposal will effectively require any new coal-fired plants to
incorporate carbon capture and storage (“CCS”)
equipment. The proposal does not affect currently operating
plants, or plants that already have permits and begin
construction within 12 months. View the
full article by Michael Styczen, P.Eng with Davis LLP.
|
Act
or
Regulation Affected |
Effective
Date |
Amendment
Information |
Community-based Biomass Call
Exemption Regulation (45/2012) |
NEW
Mar. 13/12 |
see Reg
45/2012 |
Energy Efficiency Standards
Regulation (389/93) |
Mar. 8/12 |
by Reg
33/2012 |
New Era Hydro Corporation
Exemption Regulation (46/2012) |
NEW
Mar. 13/12 |
see Reg
46/2012 |
FAMILY,
WILLS
& ESTATES |
Family, Wills &
Estates News:
A New Incapacity Planning Tool: The Advance
Directive
In 2011, the Health Care (Consent) and Care Facility
(Admission) Act (the "Act") was amended to provide adults
with the opportunity to plan for their incapacity through a new
tool called an "advance directive". An advance directive is a
written document that contains an individual's instructions in
respect of the health care treatments that they consent (or
refuse) to receive in the future. The directive becomes
effective once the individual is no longer capable of making
their own independent decisions relating to health care. View
the full
article by Areet Kaila, with Clark Wilson LLP.
Court of Appeal Releases Important Decision on Mobility
The Court of Appeal has just released a very important decision on
mobility issues which will be required reading for anyone involved
with such a problem, at least until the Family Law Act
comes fully into force. In R.E.Q. v. G.J.K., the court
provides an important review of its key mobility decisions over
the last ten years and offers a stinging critique of the
convoluted manner in which the law has evolved following the
Supreme Court of Canada's landmark decision in Gordon v.
Goertz. Read the
full article posted by John-Paul Boyd on JP Boyd’s BC
Family Law Resource.
PGT Releases 2010/2011 Child and Youth Guardianship Services
Report
The Public Guardian Trustee of British Columbia (PGT) recently
released the third annual report on its child and youth Guardian
of Estate services, detailing challenges and actions for
improvements to Guardian of Estate services. View the full news
release.
|
Act
or
Regulation Affected |
Effective
Date
|
Amendment
Information |
Child Care Subsidy Regulation
(74/97) |
Apr. 1/12 |
by Reg
56/2012 |
Notice to Mediate (Family)
Regulation (296/2007) |
Mar. 30/12 |
by Reg
66/2012 |
FOREST
AND ENVIRONMENT |
Forest
and Environment News:
Natural Resource Compliance Act Now in
Force
The new Natural
Resource Compliance Act, c. 21 [SBC 2011] came into
force by B.C. Regulation 38/2012 on March 8th.
Originally introduced in October of 2011, this new law intends
to make it easier for compliance and enforcement officers to
hold offenders accountable for violating natural resource
legislation.
Confused About Resource Road Policy
Direction?
Given discussions and developments around drafting a new Natural
Resource Road Act (NRRA) and with WorkSafeBC’s
Resource Road Compliance initiative underway (and proceeding
along Phase 2), a lot of us are wondering what direction
resource roads are headed, especially with respect to safety
management policies. It’s fair to say there
are a lot of unanswered questions, since many of the key
decisions have not yet been made. But there are a few things
happening that can shed some light on developments, and possibly
the direction moving forward. These are some of the items
discussed in a recent notice published by the BC Forest Safety
Council. Click here to view the article in
Rumblings.
Park Legislation Change Raises Concerns About
Use
A section tucked away in an omnibus bill introduced in the
legislature this session is raising fears that the government
wants to reduce public consultation and competition on park
uses.
The proposed legislation "eliminates the requirements for
advertising an intention to issue a park-use permit or
resource-use permit and obtaining the approval of a committee
before issuing the permit," say explanatory notes on the bill.
Permits are required when private operators organize activities,
from guided hikes to research, in parks.
Read more.
Changes to Federal Fish Habitat Legislation
Critics Accuse Government of Gutting Fish Protection
The Harper government is planning to gut federal laws intended
to protect fish habitat, making it easier for projects like
Enbridge Inc.'s Northern Gateway pipeline to clear federal
hurdles, according to a retired fisheries biologist who obtained
the information from a government source.
Proposed new wording would prohibit activity that would cause an
"adverse effect" on "fish of economic, cultural or ecological
value", whereas the current law bans activity that results in
the "harmful alteration, disruption or destruction of fish
habitat", according to the information leaked to Otto Langer.
Read more.
Liberals 'Sneaky' with Grab-Bag Legislation
The BC Liberals recently introduced Bill 25, an omnibus bill to
change 10 BC laws from aboriginal relations, crop insurance,
local government, to the Parks Act.
In recent years, the Liberals have used the cover of grab-bag
miscellaneous bills to pass controversial changes to the Elections
Act, the Police Complaint Commissioner Act and
other laws.
Environment Minister Terry Lake takes issue with comments about
the Parks Act amendments being "sneaky." Read more.
Minister Costing Logging Jobs, Critics Say
BC Forests Minister Steve Thomson has overruled recommendations
from his own advisory board on log exports dozens of times in
the past three months, electing to send millions of dollars
worth of raw logs to Asia rather than local mills. The
minister’s decisions effectively put logging profits ahead
of jobs in BC mills, says a forestry executive whose bid for
coastal logs was approved by the minister’s Timber Export
Advisory Committee but quashed by the minister. Read more.
|
Act
or
Regulation Affected |
Effective
Date
|
Amendment Information |
Angling and Scientific
Collection Regulation (125/90) |
Apr. 1/12 |
by Reg
178/2011 |
Conservation Officer Service
Authority Regulation (318/2004) |
Mar. 8/12 |
by Reg
34/2012 |
Cut Control Regulation
(578/2004) |
Mar. 8/12 |
by Reg
36/2012 |
Environmental Remediation
Sub-account Expenditures Regulation (41/2012) |
NEW
Mar. 8/12 |
see Reg
41/2012 |
Finfish Aquaculture Regulation
(256/2002) |
REPEALED
Mar. 30/12 |
see Reg
60/2012 |
Forest Act |
Mar. 9/12 |
by 2011 Bill 6, c. 18, ss. 3
and 4 only (in force by Reg
43/2012), Forests,
Lands and Natural Resource Operations Statutes Amendment Act,
2011 |
Forestry Service Providers
Compensation Fund Regulation (64/2012) |
NEW
Mar. 30/12 |
see Reg
64/2012 |
Forestry Service Providers
Protection Act |
NEW
Mar. 30/12 |
c. 16 [SBC 2010], 2010
Bill 21, ss. 25, 26, 27(5)(a), 29(1)(b), 31, 32, 33, 34,
35(1) and (3)(e), (j) and (k) only (in force by Reg
64/2012) |
Hunting Regulation (190/84) |
Apr. 1/12 |
by 67/2012 |
Master Licence to Cut Regulation
(35/2012) |
NEW
Mar. 8/12 |
see Reg
35/2012 |
Natural Resource Compliance Act |
NEW
Mar. 8/12 |
c. 21 [SBC 2011], 2011
Bill 9 (whole Act in force by Reg
38/2012) |
Natural Resource Officer Authority Regulation
(38/2012) |
NEW
Mar. 8/12 |
see Reg
38/2012 |
Permit Fees Regulation (299/92) |
Mar. 30/12 |
by Reg
60/2012 |
Reviewable Projects Regulation
(370/2002) |
Mar. 30/12 |
by Reg
59/2012 |
Waste Discharge Regulation
(320/2004) |
Mar. 30/12 |
by Reg
60/2012 |
Wildlife Act |
Apr. 1/12 |
by 2011 Bill 19, c. 27, ss. 25,
31, 32 and 36 only (in force by Reg
67/2012), Miscellaneous
Statutes Amendment Act (No. 3), 2011 |
Wildlife Act Commercial
Activities Regulation (338/82) |
Apr. 1/12 |
by 67/2012 |
HEALTH |
Health
News:
Lights Out for Youth Tanning
BC Bans Minors from Using Commercial Bronzing Beds, Unless
Prescribed by a Doctor
Spray tans, tanning lotions and bronzers will soon be the go-to
options for teens seeking that California glow after the BC
government announced plans Tuesday to bar children under the age
of 18 from using tanning beds.
Health Minister Mike de Jong said minors will be restricted from
using commercial tanning beds unless they're provided a
prescription by a medical doctor. View the Vancouver Sun
article.
BC's Chief Medical Officer Latest to Support
Legalizing Pot
"It Should be Regulated"
Dr. Perry Kendall, BC's chief provincial medical health officer,
has joined four former Vancouver mayors and four former BC
attorneys-general in calling for an end to the criminalization
of marijuana.
Kendall and Nova Scotia chief medical health officer Dr. Robert
Strang issued a statement today calling on the federal
government to enact a health-based strategy towards cannabis.
Ottawa should also evaluate taxation and regulation strategies
instead of continuing an "ineffective" drug law enforcement
approach, they said.
"The fact cannabis is illegal doesn't diminish access rates. The
so-called war on drugs has not achieved its stated objective of
reducing rates of drug use. It's universally available in BC and
the supply is controlled largely by criminal enterprise,"
Kendall told The Vancouver Sun. Read more.
New Legislation To Train Nurses to Become
Nurse-Anesthetists?
BC health authorities are seeking an interim injunction today to
ensure patients can access the care they need in light of
threats by the BC Anesthesiologists' Society to withdraw
services next week.
Dr. Robert Halpenny, CEO and president of Interior Health, said
the threats have created confusion for surgeons and other
front-line staff about whether anesthesiologists will fulfil
their "ethical and legal obligations to provide patient care as
we would expect them to do next week."
View full
article in The Vancouver Sun.
|
Act
or
Regulation
Affected |
Effective
Date |
Amendment
Information |
Continuing Care Programs Regulation (146/95) |
Mar. 8/12 |
by Reg
32/2012 |
Food Premises Regulation (210/99) |
Mar. 31/12 |
by Reg
69/2012 |
Health Act Fees Regulation (274/92) |
Mar. 31/12 |
by Reg
69/2012 |
Health Care Costs Recovery Regulation (397/2008) |
Mar. 8/12 |
by Reg
32/2012 |
Hospital District Act |
Apr. 1/12 |
by 2011 Bill 11, c. 11, ss. 26-29, 32(b) and (c)
and 33 only (in force by Reg
73/2012), Yale
First Nation Final Agreement Act |
Industrial Camps Health Regulation (427/83) |
REPEALED
Mar. 30/12 |
see Reg
70/2012 |
Industrial Camps Regulation (70/2012) |
NEW
Mar. 30/12 |
see Reg
70/2012 |
Nurses (Licensed Practical) Regulation
(283/2008) |
Mar. 1/12 |
by Reg
20/2012 |
Public Health Act Transitional
Regulation (51/2009) |
Mar. 30/12 |
by Reg
70/2012 |
Mar. 31/12 |
by Reg
69/2012 |
LABOUR,
COMPANY & FINANCE |
Labour,
Company and Finance News:
Supreme Court of Canada to Consider Random
Alcohol Testing in the Workplace
The Supreme Court of Canada has granted the union leave to
appeal in the Irving Pulp & Paper case, in which the
New Brunswick Court of Appeal decided that an employer can
conduct random alcohol testing of employees in safety sensitive
positions in an inherently dangerous workplace, without having
to show a pre-existing alcohol problem.
The facts of the case are as follows:
- the employer adopted a policy of
mandatory alcohol testing for employees in safety sensitive
positions;
- the workplace in question used
hazardous materials, including a pressure boiler that could
potentially explode, and was located in a city and near water
bodies;
- a computer randomly selected
employees in safety sensitive positions to be tested by
breathalyser;
- the testing was mandatory,
unannounced and positive results could result in sanctions;
- an employee who did not drink for
religious reasons was selected for testing and subsequently
grieved the alcohol testing policy.
The majority of the arbitration board applied a balancing of
interests approach, taking into account the employer’s right
to make workplace rules and an employee’s right to privacy.
View full
article published by Davis LLP.
Employment Standards Leaves
The Employment Standards Act requires employers to grant
unpaid pregnancy, parental, family responsibility, compassionate
care, reservist, bereavement and jury duty leave.
Providing the time off is just the start of the employer’s
obligations. Employees on leave continue to “earn”
the following, as if they were at work:
- length of service credit;
- vacation credit;
- pension credit; and
- insurance plan benefits.
The employer must recognize increases in wages and benefits, such
as benchmarks for wage increases or qualification periods for
benefits being reached during the leave. View full
article by Jillian N. Humphreys.
Is a Disrespectful and Inflammatory Letter
Enough to Terminate?
An employee, unhappy with her employer's criticism of her
performance at work, retains legal counsel to write a letter on
her behalf, demanding that the employer retract statements made
about her and issue an apology. The letter threatens legal
action if an apology is not provided. Does the letter constitute
a resignation if the apology is not provided? If not, is the
employer entitled to terminate the employee’s employment
for cause? Read
more.
|
Act
or
Regulation
Affected |
Effective
Date |
Amendment Information |
Employment and Assistance Regulation (263/2002) |
Mar. 8/12 |
by Reg
32/2012 |
Employment and Assistance for Persons with
Disabilities Regulation (265/2002) |
Mar. 8/12 |
by Reg
32/2012 |
Excluded Employees Indemnity Protection
Regulation (72/2012) |
NEW
Mar. 30/12 |
see Reg
72/2012 |
Excluded Employees (Legal Proceedings) Indemnity
Regulation (62/2012) |
NEW
Mar. 30/12 |
see Reg
62/2012 |
Fraudulent Conveyance Act |
Mar. 29/12 |
by 2011 Bill 15, c. 6, s. 5 only (in force by
Royal Assent), Attorney
General and Public Safety and Solicitor General Statutes
Amendment Act, 2011 |
Guarantees and Indemnities Regulation (258/87) |
Mar. 30/12 |
by Reg
63/2012 |
Government Reporting Entity Regulation
(134/2001) |
Mar. 30/12 |
by Reg
55/2012 |
Security Services Act |
Mar. 29/12 |
by 2011 Bill 15, c. 6, ss. 16 and 17 only (in
force by Royal Assent), Attorney
General and Public Safety and Solicitor General Statutes
Amendment Act, 2011 |
Social Service Tax Act Regulations
(84/58) |
Mar. 31/12 |
s. 3.20(11) repeals s. 3.20(1)(v.1) |
Apr. 1/12 |
s. 3.37(4) repeals s. 3.37(1)(b) |
Workers Compensation Act |
Mar. 1/12 |
by 2011 Bill 16, c. 25, ss. 473, 475 and 478
only (in force by Reg
28/2012), Family
Law Act |
LOCAL
GOVERNMENT |
Local Government News:
Update on Auditor General For Local
Government Act
Bill 20, Auditor
General For Local Government Act, achieved Royal
Assent on March 29, 2012. The controversial Bill will come into
force by regulation.
New Logo NoteBook Newsletter Published
The firm of Stewart McDannold Stuart recently published a series
of articles concerning local governments. The following topics
are discussed:
Supreme Court Affirms Broad Municipal Discretion to Set Tax
Rates
The story of Catalyst Paper over the last few years has not been
positive. It has closed facilities and shed costs in an attempt
to regain profitability. More recently, it entered into
agreements with its creditors to facilitate a restructuring of
its debts.
One way that it attempted to cut costs was by carefully managing
and reducing its property taxes. In 2009 it commenced judicial
review against four British Columbia towns (Powell River,
Campbell River, Port Alberni and North Cowichan) in an attempt
to have its property tax rates in those towns reduced.
Ultimately, it reached settlements in several municipalities,
and closed its mill in Campbell River. Catalyst Paper's dispute
with North Cowichan, however, made its way to the Supreme Court
of Canada, which last week ruled in favour of North Cowichan and
upheld the district's method of setting property tax rates. View
article published by Michael Styczen with Davis LLP.
|
Act
or
Regulation
Affected |
Effective
Date |
Amendment Information |
Additional Tax Regulation for the City of
Kimberley (7/2007) |
Mar. 30/12 |
by Reg
65/2012 |
Architects Act |
Mar. 29/12 |
by 2011 Bill 18, c. 7, ss. 2-9 only (in force
by Royal Assent), Advanced
Education Statutes Amendment Act, 2011 |
City of Vancouver Council Electronics Meetings
Regulation (42/2012) |
NEW
Mar. 8/12 |
see Reg
42/2012 |
Community Charter |
Mar. 15/12 |
by 2011 Bill 8, c. 2, s. 5 only (in force by
Royal Assent), Community
Sport and Cultural Development Statutes Amendment Act, 2011
|
Local Government Act |
Mar. 15/12 |
by 2011 Bill 8, c. 2, ss. 6-11 only (in force by
Royal Assent), Community
Sport and Cultural Development Statutes Amendment Act, 2011 |
Municipal Finance Authority Act |
Mar. 15/12 |
by 2011 Bill 8, c. 2, s. 12 only (in force by
Royal Assent), Community
Sport and Cultural Development Statutes Amendment Act, 2011 |
Social Services Employers
Regulation (84/2003) |
Mar. 30/12 |
by Reg
71/2012 |
South Coast British Columbia
Transportation Authority Act |
Apr. 1/12 |
by 2011 Bill 11, c. 16, s. 1 only (in force by Reg
11/2012), Greater
Vancouver Transit Enhancement Act |
Subdividable Property Designation (Great
Street) Regulation (31/2012) |
NEW
Mar. 8/12 |
see Reg
31/2012 |
Victoria Regional Transit Commission Regulation
No. 33-2012 (51/2012) |
NEW
Mar. 27/12 |
see Reg
51/2012 |
MISCELLANEOUS
|
Miscellaneous News:
Animals Will Suffer Under Cruelty
Law Amendments: SPCA
Proposed amendments to BC's animal cruelty legislation will see
fewer creatures saved and fewer abusers punished, according to
the provincial SPCA. Bill 24, introduced Tuesday by Agriculture
Minister Don McRae, would increase government scrutiny of SPCA
operations and change the way animal owners appeal its actions.
Instead of contesting animal seizures in court, owners would
appeal to the BC Farm Industry Review Board, which McRae says
could be ready to hear cases this year. But the SPCA says the
proposed changes "have no benefit for animals" in the province
and will make it more difficult to help animals in distress. "We
are fully in support of fairness and transparency and oversight
through an appeal process," SPCA CEO Craig Daniell said. "Our
fear is that the new system adds layers of bureaucracy which
will mean fewer animals may be rescued from suffering and fewer
animal abusers brought to justice." View CTV article.
Mulgrew: Fragmented Legal System
Makes it Difficult to Calculate the Real Costs
Another group of stakeholders and activists has come out
swinging at the BC government’s attempt to reform the
legal system to control costs.
In a stinging 5-page letter, the Coalition for Public Legal
Services called on Premier Christy Clark to prove her assertions
that the expenditures for the system are exorbitant.
Quoting from the Liberal administration’s own documents,
the activists say funding for justice, be it Legal Aid or
judges, has not risen dramatically in the last 5 years.
See here
for details.
|
Act
or
Regulation
Affected |
Effective
Date |
Amendment Information |
Armoured Vehicle and After-Market
Compartment Control Act |
Mar. 29/12 |
by 2011 Bill 15, c. 6, s. 1 only (in force by
Royal Assent), Attorney
General and Public Safety and Solicitor General Statutes
Amendment Act, 2011 |
Body Armour Control Act |
Mar. 29/12 |
by 2011 Bill 15, c. 6, s. 2(b) only (in force by
Royal Assent), Attorney
General and Public Safety and Solicitor General Statutes
Amendment Act, 2011 |
College and Institute Act |
Mar. 29/12 |
by 2011 Bill 18, c. 7, ss. 17, 19 and 20 only
(in force by Royal Assent), Advanced
Education Statutes Amendment Act, 2011 |
Crime Victim Assistance (General)
Regulation (161/2002) |
Mar. 8/12 |
by Reg
32/2012 |
Designation Regulation (363/95) |
Mar. 26/12 |
by Reg
50/2012 |
Education Improvement Act |
NEW
Mar. 17/12 |
c. 3 [SBC 2012], 2012
Bill 22, ss. 1 to 6 only (in force by Royal Assent) |
Judicial Compensation Act |
Mar. 29/12 |
by 2011 Bill 15, c. 6, ss. 6 and 7 only (in
force by Royal Assent), Attorney
General and Public Safety and Solicitor General Statutes
Amendment Act, 2011 |
Jury Act |
Mar. 29/12 |
by 2011 Bill 15, c. 6, ss. 8-15 only (in force
by Royal Assent), Attorney
General and Public Safety and Solicitor General Statutes
Amendment Act, 2011 |
Members' Conflict of Interest
Regulation (266/2010) |
Mar. 9/12 |
by Reg
44/2012 |
Royal Roads University Act |
Mar. 29/12 |
by 2011 Bill 18, c. 7, ss. 32 and 33 only (in
force by Royal Assent), Advanced
Education Statutes Amendment Act, 2011 |
Supply Act (No. 1), 2012 |
NEW
Mar. 29/12 |
c. 4 [SBC 2012], 2012
Bill 27 (whole Act in force by Royal Assent) |
Thompson Rivers University Act |
Mar. 29/12 |
by 2011 Bill 18, c. 7, s. 45 only (in force by
Royal Assent), Advanced
Education Statutes Amendment Act, 2011 |
University Act |
Mar. 29/12 |
by 2011 Bill 18, c. 7, ss. 47-50 only (in force
by Royal Assent), Advanced
Education Statutes Amendment Act, 2011 |
MOTOR
VEHICLE |
Motor Vehicle News:
Private-Sector Investment Needed
to Meet Shipping Demand
The province needs $25 billion worth of investment in
transportation infrastructure if it is going to meet the
increased demand for shipment of goods through British
Columbia's ports expected by 2020. And the bulk of that,
$24 billion, must come from the private sector, Premier
Christy Clark said Monday morning.
The province will contribute the other $1 billion,
$300 million of which it has already provided to projects
such as the Prince Rupert Road Rail Utility Corridor, the
improvement of roads and rail at Deltaport terminal and
$85 million for the improvement for oil and gas-related
rural roads.
The remaining $700 million will be spent over the next five
years to increase capacity on key provincial highways, Clark
announced at Neptune Bulk Terminals in North Vancouver. However,
details regarding which highways would be affected were not yet
available.
Continue reading here.
|
Act
or
Regulation Affected |
Effective
Date
|
Amendment
Information |
Coroners Act |
Mar. 29/12 |
by 2011 Bill 15, c. 6, s. 3 only (in force by
Royal Assent), Attorney
General and Public Safety and Solicitor General Statutes
Amendment Act, 2011 |
Motor Vehicle Fuel Tax Act |
Apr. 1/12 |
by 2011 Bill 11, c. 16, ss. 3-6 only (in force
by Reg
11/2012), Greater
Vancouver Transit Enhancement Act |
Motor Fuel Tax Regulation
(414/85) |
Apr. 1/12 |
by Reg
26/2012 |
Violation Ticket
Administration and Fines Regulation (89/97) |
Mar. 8/12 |
by Reg
39/2012 |
Apr.
1/12 |
by Reg
177/2011 |
by Reg
68/2012 |
REAL
ESTATE & BUILDERS LIEN |
Real Estate & Builders Lien News:
Preparing For The Future –
Depreciation Reports Under The Strata Property Act:
At the end of last year, the Provincial Government brought into
force those sections of the Strata Property Amendment Act,
2009 dealing with depreciation reports. Strata
corporations will now be required (unless they decide otherwise
by way of a ¾ vote) to have a detailed report prepared by
an approved individual at specified intervals setting out the
condition of the common property, the expected lifespan of each
component of it, the anticipated cost to repair those components
and suggestions as to how to pay for doing so. View full article
by Shawn M. Smith with Cleveland Doan LLP.
Before You Sign the Contract,
Take Note of More Details Than Your Interest Rate
Getting a mortgage is a rite of passage for the aspiring
homeowner. With banks offering record low interest rates and a
huge range of competing mortgage products, understanding the
details of the contract is critical. Sarah Sangster signed a new
mortgage last week. The musician and graphic designer just
purchased a small condo in East Vancouver. It’s her first
purchase in the Vancouver market, though she has owned two other
houses in Winnipeg. On her third run through the process,
Sangster was clear about what she was looking for from her bank
when she went to them for a mortgage. Read full article
in The Vancouver Sun.
New Interest Rate Regulation
Effective March 20, 2012, the Interest Rate Regulation, B.C.
Reg. 48/2012, introduced the following interest rates:
- For the purposes of sections 8 (2) and 9 (2) of the Land
Tax Deferment Act, the interest rate for the 6-month
period beginning April 1, 2012 is 1.00% a year.
- For the purposes of sections 8 (3.1) and 9 (5) of the Land
Tax Deferment Act, the interest rate for the 6-month
period beginning April 1, 2012 is 3.00% a year.
Proposed Strata Property Act Changes
Bill 30, Energy
And Mines Statutes Amendment Act, was introduced on
March 13th and proposes to amend the Strata
Property Act by amending the following sections:
- section 94 – clarifies when first depreciation reports
must be submitted
- section 103 – requires strata corporations to
distribute audited financial statements within 4 months of the
fiscal year end except under certain conditions
- section 292 – authorizes the Lieutenant Governor in
Council to make different regulations for different classes of
lots or strata corporations
- section 292.2 is consequential to the amendment made to
section 292 of the Act by this Bill
These sections will come into force by Royal Assent.
|
Act
or
Regulation Affected |
Effective
Date
|
Amendment Information |
Expropriation Act |
Mar. 29/12 |
by 2011 Bill 15, c. 6, s. 4 only (in force by
Royal Assent), Attorney
General and Public Safety and Solicitor General Statutes
Amendment Act, 2011 |
Interest Rate Regulation (149/2011) |
REPEALED
Mar. 20/12 |
see Reg
48/2012 |
Interest Rate Regulation (48/2012) |
NEW
Mar. 20/12 |
see Reg
48/2012 |
Strata Property Regulation (43/2000) |
Mar. 1/12 |
by Reg
238/2011 |
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