30 (1) If the Minister makes an order under subsection 29 (1),  (a)  the Authority assumes the operations, activities and affairs of FSCO described in the order as of the date of the transfer; (b)  all assets, liabilities, rights and obligations of FSCO described in the order continue as the assets, liabilities, rights and obligations of the Authority and are transferred to the Authority, without compensation or with such compensation provided for in the order; (c)  all liabilities, rights and obligations of the Superintendent of Financial Services specified in the order continue as the liabilities, rights and obligations of the Chief Executive Officer or the Authority, as the case may be, and are transferred to the Chief Executive Officer or the Authority, as the case may be, without compensation or with such compensation provided for in the order; and (d)  proceedings and other activities specified in the order that are commenced or conducted by FSCO or the Superintendent of Financial Services or to which FSCO or the Superintendent of Financial Services is a party are deemed to be proceedings and other activities commenced or conducted by the Authority or the Chief Executive Officer, or to which the Authority or the Chief Executive Officer is a party, as provided for in the order, and shall be continued as such. 2018, c. 8, Sched. 11, s. 11; 2019, c. 7, Sched. 27, s. 6 (1-3). Release from liability or obligation (2) The transfer of a liability or obligation under this Act releases FSCO or the Superintendent, as the case may be, from the liability or obligation. 2018, c. 8, Sched. 11, s. 11. Non-cash expense (3) The Crown in right of Ontario may incur non-cash expenses within the meaning of the Financial Administration Act in connection with a transfer under this Act. 2018, c. 8, Sched. 11, s. 11. Transfer of assets (3.1) The Minister may pay out of the Consolidated Revenue Fund any amounts that are to be transferred to the Authority as specified in an order made under subsection 29 (1). 2019, c. 7, Sched. 27, s. 6 (4). Rulings, etc. (4) A ruling, order or judgment in favour of or against FSCO that is specified in an order made under subsection 29 (1) may be enforced by or against the Authority. 2018, c. 8, Sched. 11, s. 11. Same (5) A ruling, order or judgment in favour of or against the Superintendent of Financial Services that is specified in an order made under subsection 29 (1) may be enforced by or against the Chief Executive Officer. 2018, c. 8, Sched. 11, s. 11. Civil proceedings etc. (6) The Authority shall be deemed to be the party plaintiff or applicant, or the party defendant or respondent, as the case may be, in any civil proceeding that is commenced by or against FSCO before the date of the transfer and that is specified in an order made under subsection 29 (1). 2018, c. 8, Sched. 11, s. 11; 2018, c. 17, Sched. 17, s. 7 (1). Same (7) The Chief Executive Officer shall be deemed to be the party plaintiff or applicant, or the party defendant or respondent, as the case may be, in any civil proceeding that is commenced by or against the Superintendent of Financial Services before the date of the transfer and that is specified in an order made under subsection 29 (1). 2018, c. 8, Sched. 11, s. 11; 2018, c. 17, Sched. 17, s. 7 (2). Limitation periods (8) A civil or other proceeding shall not be commenced against the Authority or the Chief Executive Officer in respect of an asset, liability, right or obligation that has been transferred under this Act if, had there been no transfer, the time for commencing the proceeding would have expired. 2018, c. 8, Sched. 11, s. 11. No breach, etc. (9) A transfer under this Act is deemed not to, (a)  constitute a breach, termination, repudiation or frustration of any agreement, including an insurance contract; (b)  constitute a breach of any Act, regulation or municipal by-law; (c)  constitute an event of default or force majeure; (d)  give rise to a breach, termination, repudiation or frustration of any licence, permit or other right; (e)  give rise to any right to terminate or repudiate a licence, permit or other right; or (f)  give rise to any estoppel. 2018, c. 8, Sched. 11, s. 11. No new cause of action (10) A transfer under this Act does not create any new cause of action in favour of a party to an agreement with FSCO or the Superintendent of Financial Services, as the case may be, affected by the transfer that was entered into before the transfer. 2018, c. 8, Sched. 11, s. 11. Transfer binding (11) Despite any other Act that requires notice or registration of a transfer under this Act, a transfer is binding on FSCO, the Superintendent of Financial Services, the Authority, the Chief Executive Officer and all other persons and entities. 2018, c. 8, Sched. 11, s. 11. Non-application of other Acts (12) Any such Acts or provisions as are prescribed by the regulations do not apply to a transfer under this Act. 2018, c. 8, Sched. 11, s. 11. No expropriation (13) Nothing in this Act and nothing done or not done in accordance with this Act constitutes an expropriation or injurious affection for the purposes of the Expropriations Act
or otherwise at law. 2018, c. 8, Sched. 11, s. 11. Immunity re transfer (14) No proceeding for damages or otherwise in respect of a claim arising in connection with a transfer under this Act shall be commenced against, (a)  The Crown in right of Ontario; (b)  the Authority; (c)  the Superintendent of Financial Services; (d)  the Chief Executive Officer; or (e)  any employee, agent or appointee of the Crown in right of Ontario or the Authority. 2018, c. 8, Sched. 11, s. 11. Section Amendments with date in force (d/m/y) 2018, c. 8, Sched. 11, s. 11 - 08/06/2019; 2018, c. 17, Sched. 17, s. 7 (1, 2) - 08/06/2019 2019, c. 7, Sched. 27, s. 6 (1-4) - 08/06/2019