GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Apprentice Loans Act — A-11.9 18
Requirement to provide information or documents 18 (1) For the purpose of verifying compliance or preventing non-compliance with this Act, the Minister may, by notice served personally or by confirmed delivery service, require any person to whom an apprentice loan has been made to provide the Minister, within the time and in the manner that are stipulated in the notice, with any information or document that is in their possession or to which they could reasonably be expected to have access. Copies as evidence (2) When a document is provided in accordance with subsection (1), the Minister may make, or cause to be made, one or more certified copies of it and any of those copies is evidence of the nature and content of the original document and has the same probative force as the original document would have if it were proven in the ordinary way.
Apprentice Loans Act — A-11.9 19
False statement or information 19 (1) Every person who, in respect of an apprentice loan, knowingly makes any false statement or misrepresentation, including by omission, in an application or other document or knowingly provides any false or misleading information, including by omission, is guilty of an offence and liable on summary conviction to a fine not exceeding $1,000. Limitation period (2) A prosecution for an offence under this Act may not be instituted later than six years after the time when the subject matter of the complaint arose.
Apprentice Loans Act — A-11.9 20
Administrative measures 20 (1) If a person, in respect of an apprentice loan, knowingly makes any false statement or misrepresentation, including by omission, in an application or other document or knowingly provides any false or misleading information, including by omission, the Minister may take any measure provided for in the regulations. Notice (2) However, the Minister may not take any measure under subsection (1) without having given the person 60 days’ notice of the Minister’s intention to take it. Submissions (3) The person may make submissions to the Minister in respect of the measure at any time. Rescission or modification of measure (4) The Minister may rescind or modify a measure taken under subsection (1) if new facts are presented or the Minister considers that the measure was taken without knowledge of a material fact or on the basis of a mistake concerning one.
Apprentice Loans Act — A-11.9 21
Authority to enter into agreements and arrangements 21 The Minister may (a) enter into agreements or arrangements with any department, board or agency of the Government of Canada or any other public or private organization or agency to assist the Minister in carrying out the purposes and provisions of this Act; and (b) with the approval of the Governor in Council, enter into agreements or arrangements with the government of any province to facilitate the administration or enforcement of this Act.
Apprentice Loans Act — A-11.9 22
Payment out of C.R.F. 22 Any amount payable by the Minister under this Act, the regulations or an agreement or arrangement entered into under this Act, including any apprentice loans to be made by the Minister, is to be paid out of the Consolidated Revenue Fund.
Apprentice Loans Act — A-11.9 167
Definitions 167 (1) The following definitions apply in this section. apprentice loan has the same meaning as in subsection 1(1) of the Apprentice Loans Regulations . ( prêt aux apprentis ) borrower has the same meaning as in subsection 1(1) of the Apprentice Loans Regulations . ( emprunteur ) transition period means the period beginning on April 1, 2023 and ending on the day on which a regulation amending or repealing section 4 of the Apprentice Loans Regulations comes into force. ( période de transition ) Repayment of principal and interest (2) During the transition period, a borrower must begin to repay the principal amount of an apprentice loan made to them, and any interest, on the last day of the month in which interest would have started accruing under the Apprentice Loans Regulations but for subsection 8(1) of the Apprentice Loans Act , as enacted by section 164 .
Apprentice Loans Act — A-11.9
apprentice loan has the same meaning as in subsection 1(1) of the Apprentice Loans Regulations . ( prêt aux apprentis )
Apprentice Loans Act — A-11.9
borrower has the same meaning as in subsection 1(1) of the Apprentice Loans Regulations . ( emprunteur )
Apprentice Loans Act — A-11.9
transition period means the period beginning on April 1, 2023 and ending on the day on which a regulation amending or repealing section 4 of the Apprentice Loans Regulations comes into force. ( période de transition )
Asian Infrastructure Investment Bank Agreement Act — A-12.8 1
Short title 1 This Act may be cited as the Asian Infrastructure Investment Bank Agreement Act .
Asian Infrastructure Investment Bank Agreement Act — A-12.8 2
Definitions 2 The following definitions apply in this Act. Agreement means the Agreement respecting the Asian Infrastructure Investment Bank set out in the schedule. ( accord ) Bank means the Asian Infrastructure Investment Bank. ( Banque )
Asian Infrastructure Investment Bank Agreement Act — A-12.8
Agreement means the Agreement respecting the Asian Infrastructure Investment Bank set out in the schedule. ( accord )
Asian Infrastructure Investment Bank Agreement Act — A-12.8
Bank means the Asian Infrastructure Investment Bank. ( Banque )
Asian Infrastructure Investment Bank Agreement Act — A-12.8 3
Approval of Agreement 3 The Agreement is approved.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 4
Acceptance of Agreement and implementation 4 The Governor in Council may authorize the acceptance of the Agreement on behalf of Canada and take any measure that is necessary in the opinion of the Governor in Council, including making appointments, orders and regulations, for carrying out the obligations or exercising the rights of Canada under the Agreement, and in particular for granting the privileges and immunities set out in the Agreement.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 5
Amendment to schedule 5 The Governor in Council may, by order, amend the schedule to take into account amendments to the Agreement that are consistent with the purpose and functions of the Bank.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 6
Depository 6 The Bank of Canada is the depository in Canada for the assets of the Bank.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 7
Payments out of Consolidated Revenue Fund — Initial subscription 7 The Minister of Finance may make payments out of the Consolidated Revenue Fund to the Bank in respect of Canada’s initial subscription of shares in an aggregate amount not more than US$ 375,000,000, or any greater amount that is specified in an appropriation Act.
Asian Infrastructure Investment Bank Agreement Act — A-12.8
The countries on whose behalf the present Agreement is signed agree as follows:
Asian Infrastructure Investment Bank Agreement Act — A-12.8
CONSIDERING the importance of regional cooperation to sustain growth and promote economic and social development of the economies in Asia and thereby contribute to regional resilience against potential financial crises and other external shocks in the context of globalization;
Asian Infrastructure Investment Bank Agreement Act — A-12.8
ACKNOWLEDGING the significance of infrastructure development in expanding regional connectivity and improving regional integration, thereby promoting economic growth and sustaining social development for the people in Asia, and contributing to global economic dynamism;
Asian Infrastructure Investment Bank Agreement Act — A-12.8
REALIZING that the considerable long-term need for financing infrastructure development in Asia will be met more adequately by a partnership among existing multilateral development banks and the Asian Infrastructure Investment Bank (hereinafter referred to as the “Bank”);
Asian Infrastructure Investment Bank Agreement Act — A-12.8
CONVINCED that the establishment of the Bank as a multilateral financial institution focused on infrastructure development will help to mobilize much needed additional resources from inside and outside Asia and to remove the financing bottlenecks faced by the individual economies in Asia, and will complement the existing multilateral development banks, to promote sustained and stable growth in Asia;
Asian Infrastructure Investment Bank Agreement Act — A-12.8
HAVE AGREED to establish the Bank, which shall operate in accordance with the following:
Asian Infrastructure Investment Bank Agreement Act — A-12.8 1
1 The purpose of the Bank shall be to: (i) foster sustainable economic development, create wealth and improve infrastructure connectivity in Asia by investing in infrastructure and other productive sectors; and (ii) promote regional cooperation and partnership in addressing development challenges by working in close collaboration with other multilateral and bilateral development institutions.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 2
2 Wherever used in this Agreement, references to “Asia” and “region” shall include the geographical regions and composition classified as Asia and Oceania by the United Nations, except as otherwise decided by the Board of Governors.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 (i)
To implement its purpose, the Bank shall have the following functions: (i) to promote investment in the region of public and private capital for development purposes, in particular for development of infrastructure and other productive sectors; (ii) to utilize the resources at its disposal for financing such development in the region, including those projects and programs which will contribute most effectively to the harmonious economic growth of the region as a whole and having special regard to the needs of less developed members in the region; (iii) to encourage private investment in projects, enterprises and activities contributing to economic development in the region, in particular in infrastructure and other productive sectors, and to supplement private investment when private capital is not available on reasonable terms and conditions; and (iv) to undertake such other activities and provide such other services as may further these functions.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 (i)
(i) to promote investment in the region of public and private capital for development purposes, in particular for development of infrastructure and other productive sectors;
Asian Infrastructure Investment Bank Agreement Act — A-12.8 (ii)
(ii) to utilize the resources at its disposal for financing such development in the region, including those projects and programs which will contribute most effectively to the harmonious economic growth of the region as a whole and having special regard to the needs of less developed members in the region;
Asian Infrastructure Investment Bank Agreement Act — A-12.8 (iii)
(iii) to encourage private investment in projects, enterprises and activities contributing to economic development in the region, in particular in infrastructure and other productive sectors, and to supplement private investment when private capital is not available on reasonable terms and conditions; and
Asian Infrastructure Investment Bank Agreement Act — A-12.8 (iv)
(iv) to undertake such other activities and provide such other services as may further these functions.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 1
1 Membership in the Bank shall be open to members of the International Bank for Reconstruction and Development or the Asian Development Bank. (a) Regional members shall be those members listed in Part A of Schedule A and other members included in the Asia region in accordance with paragraph 2 of Article 1. All other members shall be non-regional members. (b) Founding Members shall be those members listed in Schedule A which, on or before the date specified in Article 57, shall have signed this Agreement and shall have fulfilled all other conditions of membership before the final date specified under paragraph 1 of Article 58.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 (a)
(a) Regional members shall be those members listed in Part A of Schedule A and other members included in the Asia region in accordance with paragraph 2 of Article 1. All other members shall be non-regional members.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 (b)
(b) Founding Members shall be those members listed in Schedule A which, on or before the date specified in Article 57, shall have signed this Agreement and shall have fulfilled all other conditions of membership before the final date specified under paragraph 1 of Article 58.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 2
2 Members of the International Bank for Reconstruction and Development or the Asian Development Bank which do not become members in accordance with Article 58 may be admitted, under such terms and conditions as the Bank shall determine, to membership in the Bank by a Special Majority vote of the Board of Governors as provided in Article 28.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 3
3 In the case of an applicant which is not sovereign or not responsible for the conduct of its international relations, application for membership in the Bank shall be presented or agreed by the member of the Bank responsible for its international relations.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 1
1 The authorized capital stock of the Bank shall be one hundred billion United States dollars ($100,000,000,000), divided into one million (1,000,000) shares having a par value of 100,000 dollars ($100,000) each, which shall be available for subscription only by members in accordance with the provisions of Article 5.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 2
2 The original authorized capital stock shall be divided into paid-in shares and callable shares. Shares having an aggregate par value of twenty billion dollars ($20,000,000,000) shall be paid-in shares, and shares having an aggregate par value of eighty billion dollars ($80,000,000,000) shall be callable.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 3
3 The authorized capital stock of the Bank may be increased by the Board of Governors by a Super Majority vote as provided in Article 28, at such time and under such terms and conditions as it may deem advisable, including the proportion between paid-in and callable shares.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 4
4 The term “dollar” and the symbol “$” wherever used in this Agreement shall be understood as being the official currency of payment of the United States of America.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 1
1 Each member shall subscribe to shares of the capital stock of the Bank. Each subscription to the original authorized capital stock shall be for paid-in shares and callable shares in the proportion two (2) to eight (8). The initial number of shares available to be subscribed by countries which become members in accordance with Article 58 shall be that set forth in Schedule A.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 2
2 The initial number of shares to be subscribed by countries which are admitted to membership in accordance with paragraph 2 of Article 3 shall be determined by the Board of Governors; provided, however, that no such subscription shall be authorized which would have the effect of reducing the percentage of capital stock held by regional members below seventy-five (75) per cent of the total subscribed capital stock, unless otherwise agreed by the Board of Governors by a Super Majority vote as provided in Article 28.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 3
3 The Board of Governors may, at the request of a member, increase the subscription of such member on such terms and conditions as the Board may determine by a Super Majority vote as provided in Article 28; provided, however, that no such increase in the subscription of any member shall be authorized which would have the effect of reducing the percentage of capital stock held by regional members below seventy-five (75) per cent of the total subscribed capital stock, unless otherwise agreed by the Board of Governors by a Super Majority vote as provided in Article 28.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 4
4 The Board of Governors shall at intervals of not more than five (5) years review the capital stock of the Bank. In case of an increase in the authorized capital stock, each member shall have a reasonable opportunity to subscribe, under such terms and conditions as the Board of Governors shall determine, to a proportion of the increase of stock equivalent to the proportion which its stock theretofore subscribed bears to the total subscribed capital stock immediately prior to such increase. No member shall be obligated to subscribe to any part of an increase of capital stock.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 1
1 Payment of the amount initially subscribed by each Signatory to this Agreement which becomes a member in accordance with Article 58 to the paid-in capital stock of the Bank shall be made in five (5) installments, of twenty (20) per cent each of such amount, except as provided in paragraph 5 of this Article. The first installment shall be paid by each member within thirty (30) days after entry into force of this Agreement, or on or before the date of deposit on its behalf of its instrument of ratification, acceptance or approval in accordance with paragraph 1 of Article 58, whichever is later. The second installment shall become due one (1) year from the entry into force of this Agreement. The remaining three (3) installments shall become due successively one (1) year from the date on which the preceding installment becomes due.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 2
2 Each installment of the payment of initial subscriptions to the original paid-in capital stock shall be paid in dollars or other convertible currency, except as provided in paragraph 5 of this Article. The Bank may at any time convert such payments into dollars. All rights, including voting rights, acquired in respect of paid-in and associated callable shares for which such payments are due but have not been received shall be suspended until full payment is received by the Bank.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 3
3 Payment of the amount subscribed to the callable capital stock of the Bank shall be subject to call only as and when required by the Bank to meet its liabilities. In the event of such a call, payment may be made at the option of the member in dollars or in the currency required to discharge the obligations of the Bank for the purpose of which the call is made. Calls on unpaid subscriptions shall be uniform in percentage on all callable shares.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 4
4 The Bank shall determine the place for any payment under this Article, provided that, until the inaugural meeting of the Board of Governors, the payment of the first installment referred to in paragraph 1 of this Article shall be made to the Government of the People’s Republic of China, as Trustee for the Bank.
Asian Infrastructure Investment Bank Agreement Act — A-12.8 5
5 A member considered as a less developed country for purposes of this paragraph may pay its subscription under paragraphs 1 and 2 of this Article, as an alternative, either: (a) entirely in dollars or other convertible currency in up to ten (10) installments, with each such installment equal to ten (10) percent of the total amount, the first and second installments due as provided in paragraph 1, and the third through tenth installments due on the second and subsequent anniversary dates of the entry into force of this Agreement; or (b) with a portion in dollars or other convertible currency and a portion of up to fifty (50) per cent of each installment in the currency of the member, following the schedule of installments provided in paragraph 1 of this Article. The following provisions shall apply to payments under this sub-paragraph (b): (i) The member shall advise the Bank at the time of subscription under paragraph 1 of this Article of the proportion of payments to be made in its own currency. (ii) Each payment of a member in its own currency under this paragraph 5 shall be in such amount as the Bank determines to be equivalent to the full value in terms of dollars of the portion of the subscription being paid. The initial payment shall be in such amount as the member considers appropriate hereunder but shall be subject to such adjustment, to be effected within ninety (90) days of the date on which such payment was due, as the Bank shall determine to be necessary to constitute the full dollar equivalent of such payment. (iii) Whenever in the opinion of the Bank, the foreign exchange value of a member’s currency has depreciated to a significant extent, that member shall pay to the Bank within a reasonable time an additional amount of its currency required to maintain the value of all such currency held by the Bank on account of its subscription. (iv) Whenever in the opinion of the Bank, the foreign exchange value of a member’s currency has appreciated to a significant extent, the Bank shall pay to that member within a reasonable time an amount of that currency required to adjust the value of all such currency held by the Bank on account of its subscription. (v) The Bank may waive its rights to payment under sub-paragraph (iii) and the member may waive its rights to payment under sub-paragraph (iv).
Asian Infrastructure Investment Bank Agreement Act — A-12.8 (a)
(a) entirely in dollars or other convertible currency in up to ten (10) installments, with each such installment equal to ten (10) percent of the total amount, the first and second installments due as provided in paragraph 1, and the third through tenth installments due on the second and subsequent anniversary dates of the entry into force of this Agreement; or
Asian Infrastructure Investment Bank Agreement Act — A-12.8 (b)
(b) with a portion in dollars or other convertible currency and a portion of up to fifty (50) per cent of each installment in the currency of the member, following the schedule of installments provided in paragraph 1 of this Article. The following provisions shall apply to payments under this sub-paragraph (b): (i) The member shall advise the Bank at the time of subscription under paragraph 1 of this Article of the proportion of payments to be made in its own currency. (ii) Each payment of a member in its own currency under this paragraph 5 shall be in such amount as the Bank determines to be equivalent to the full value in terms of dollars of the portion of the subscription being paid. The initial payment shall be in such amount as the member considers appropriate hereunder but shall be subject to such adjustment, to be effected within ninety (90) days of the date on which such payment was due, as the Bank shall determine to be necessary to constitute the full dollar equivalent of such payment. (iii) Whenever in the opinion of the Bank, the foreign exchange value of a member’s currency has depreciated to a significant extent, that member shall pay to the Bank within a reasonable time an additional amount of its currency required to maintain the value of all such currency held by the Bank on account of its subscription. (iv) Whenever in the opinion of the Bank, the foreign exchange value of a member’s currency has appreciated to a significant extent, the Bank shall pay to that member within a reasonable time an amount of that currency required to adjust the value of all such currency held by the Bank on account of its subscription. (v) The Bank may waive its rights to payment under sub-paragraph (iii) and the member may waive its rights to payment under sub-paragraph (iv).