1.0.10 (1) Subject to the approval of the Lieutenant Governor in Council, the Board may make regulations, (a) respecting the accounting for, and the collection, management and administration of public money; (b) respecting the retention and disposal of records concerning the receipt or disbursement of public money; (c) providing that a board, commission, authority, corporation or any other agency of the Government of Ontario does not fall within the definition of “public entity” set out in subsection 1 (1); (c.1) respecting the accounting policies and practices of public entities; (c.2) respecting the accounting policies and practices of entities (other than public entities) whose financial statements are included in the consolidated financial statements of the Province as set out in the Public Accounts; (c.3) respecting the accounting policies and practices to be followed with respect to the preparation of the consolidated financial statements of the Province; (c.4) prescribing dates for the purposes of the definition of “corresponding recognition date” and prescribing liabilities for the purposes of the definition of “newly recognized liability” in subsection 11.9 (1); (d) designating the Speaker of the Assembly, the chair of the Board of Internal Economy established under the Legislative Assembly Act or any member of the Executive Council to represent, for the purposes of sections 1.0.7 and 1.0.8, any office or body reporting directly to the Assembly.  2009, c. 34, Sched. J, s. 2; 2010, c. 1, Sched. 7, s. 4; 2010, c. 26, Sched. 7, s. 2 (1); 2012, c. 8, Sched. 14, s. 1; 2020, c. 36, Sched. 13, s. 1. Exception re: Hydro One Inc. (1.1) Despite clause (1) (c.2), a regulation cannot be made in respect of the accounting policies and practices of Hydro One Inc. or any of its subsidiaries. 2015, c. 20, Sched. 11, s. 3. Accounting policies and practices, public entities (2) Regulations made under clause (1) (c.1) may authorize or require public entities to follow specified accounting policies and practices.  2010, c. 26, Sched. 7, s. 2 (2). Same, other entities (3) Regulations made under clause (1) (c.2) may authorize or require entities described in that clause to follow specified accounting policies and practices.  2010, c. 26, Sched. 7, s. 2 (2). Conflict re policies and practices (4) A regulation made under clause (1) (c.1) or (c.2) respecting accounting policies and practices prevails over a requirement of another Act or regulation, if the regulation made under clause (1) (c.1) or (c.2) so provides.  2010, c. 26, Sched. 7, s. 2 (2). Incorporation by reference (5) A regulation made under clause (1) (c.1) or (c.2) may incorporate documents by reference, in whole or in part, and may specify that a document is incorporated as it reads on a specified date or as it may be amended in the future.  2010, c. 26, Sched. 7, s. 2 (2). Retroactive regulations (5.1) A regulation made under this section is, if it so provides, effective with reference to a period before it is filed, but the period shall not begin earlier than the beginning of the most recent fiscal year for which the Public Accounts have not yet been laid before the Assembly or made public in accordance with subsection 1.0.26 (5). 2016, c. 5, Sched. 9, s. 2. Subdelegation (6) A regulation made under clause (1) (c.1) or (c.2) may provide that the Minister of Finance, or a public servant employed under Part III of the Public Service of Ontario Act, 2006 in a position in the Ministry of Finance that is specified in the regulation, is authorized to specify the accounting policies or practices that must or may be followed by a particular public entity or by a particular entity whose financial statements are included in the consolidated financial statements of the Province as set out in the Public Accounts.  2010, c. 26, Sched. 7, s. 2 (2). Same (7) Part III (Regulations) of the Legislation Act, 2006 does not apply with respect to the specification of accounting policies or practices by the Minister of Finance or the public servant in accordance with a regulation referred to in subsection (6).  2010, c. 26, Sched. 7, s. 2 (2). Section Amendments with date in force (d/m/y) 2009, c. 34, Sched. J, s. 2 - 15/12/2009 2010, c. 1, Sched. 7, s. 4 (1-3) - 18/05/2010; 2010, c. 26, Sched. 7, s. 2 (1,2) - 31/08/2011 2012, c. 8, Sched. 14, s. 1 - 01/04/2011 2015, c. 20, Sched. 11, s. 3 - 15/10/2015 2016, c. 5, Sched. 9, s. 2 - 01/04/2016 2020, c. 36, Sched. 13, s. 1 - 08/12/2020 Ministry of Finance