C-488
Second Session, Fortieth Parliament,
57-58 Elizabeth II, 2009
HOUSE OF COMMONS OF CANADA
BILL C-488
An Act to amend the Investment Canada Act (disclosure of undertakings and demands)
first reading, December 7, 2009
NOTE
3rd Session, 40th Parliament
This bill was introduced during the Second Session of the 40th Parliament. Pursuant to the Standing Orders of the House of Commons, it is deemed to have been considered and approved at all stages completed at the time of prorogation of the Second Session. The number of the bill remains unchanged.
Mr. Gravelle
402370
SUMMARY
This enactment amends the Investment Canada Act to require the responsible Minister, on written application by a Canadian citizen, to publish in the Canada Gazette the information contained in
(a) all written undertakings given under this Act to Her Majesty in right of Canada by a non-Canadian in respect of those investments identified in the application; and
(b) all demands sent by the Minister under section 39 of the Act to a non-Canadian in respect of those undertakings, other than demands sent for the purposes of the administration or enforcement of Part IV.1 of the Act, which concerns investments that could be injurious to national security.
Also available on the Parliament of Canada Web Site at the following address:http://www.parl.gc.ca
2nd Session, 40th Parliament,
57-58 Elizabeth II, 2009
house of commons of canada
BILL C-488
An Act to amend the Investment Canada Act (disclosure of undertakings and demands)
R.S., c. 28 (1st Supp.)
Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
1. The Investment Canada Act is amended by adding the following after section 36:
Disclosure – undertakings and demands
36.1 Notwithstanding any other provision of this or any other Act, the Minister shall, on written application by a Canadian citizen, publish in the Canada Gazette the information contained in
(a) all written undertakings given under this Act to Her Majesty in right of Canada by a non-Canadian in respect of the investments identified in the application; and
(b) all demands sent by the Minister under section 39 to a non-Canadian in respect of those undertakings, other than demands sent for the purposes of the administration or enforcement of Part IV.1.
Published under authority of the Speaker of the House of CommonsAvailable from:Publishing and Depository ServicesPublic Works and Government Services Canada