jswizzle3737/ontario_laws_and_regs huggingface dataset:
1. In this Regulation, “Board” means the Grain Financial Protection Board; (“Commission”) “chief inspector” means the chief inspector appointed under the Grains Act; (“inspecteur en chef”) “dealer” means a person engaged in the business of buying soybeans from producers or in selling soybeans on behalf of producers; (“marchand”) “Fund” means the Fund for Soybeans; (“Fonds”) “licence”, when referring to one held by a dealer, means a licence to engage in business as a dealer under the Grains Act and, when referring to one held by an operator, means a licence to engage in business as an operator under the Grains Act and “licensed” has a corresponding meaning; (“permis”) “local board” means the Grain Farmers of Ontario; (“commission locale”) “operator” means a grain elevator operator within the meaning of the Grains Act; (“exploitant”) “producer” means a person engaged in the production of soybeans. (“producteur”) R.R.O. 1990, Reg. 450, s. 1; O. Reg. 265/97, s. 1; O. Reg. 488/09, s. 1.
2. The fund known as the Fund for Soybean Producers is continued. R.R.O. 1990, Reg. 450, s. 2.
3. The Board shall administer the Fund. R.R.O. 1990, Reg. 450, s. 3.
4. Soybeans are designated as a farm product. R.R.O. 1990, Reg.450, s. 4.
5. Revoked: O. Reg. 324/11, s. 1.
6. (1) If soybeans are sold on a basis or delayed price contract, payment is due, (a) for the percentage of the market price payable on account, (i) if the soybeans are stored under the Grains Act, not later than 2 p.m. on the next trading day following the day of sale, and (ii) in any other case not covered by subclause (i), within 10 trading days after the day the soybeans are delivered to the purchaser; and (b) for the balance of the amount unpaid after payment on account, on the day the producer prices the soybeans to close out the contract. O. Reg. 265/97, s. 2. (2) If subsection (1) does not apply, payment for the soybeans is due, (a) if the soybeans are stored under the Grains Act, no later than 2 p.m. on the next trading day following the day of sale; and (b) in any other case not covered by clause (a), within 10 trading days after the day the soybeans are delivered to the purchaser. O. Reg. 265/97, s. 2. (3) If a producer has not priced soybeans to close out a basis or delayed price contract on or before the day on which the grounds for making the claim arose, the contract is considered closed out on that day. O. Reg. 265/97, s. 2.
7. A producer or owner shall notify the chief inspector forthwith if, (a) the producer has not received payment for soybeans from a dealer as provided for in section 6; (b) the producer or owner has reason to believe that a dealer or operator has ceased to carry on business; (c) an operator who is storing soybeans on behalf of an owner fails to deliver any of the soybeans on demand; or (d) any of the assets of a dealer who has purchased soybeans from a producer or of an operator who is storing soybeans on behalf of an owner have been placed in the hands of a trustee for distribution under the Bankruptcy and Insolvency Act (Canada) or the Bulk Sales Act or in the hands of a receiver pursuant to a debenture or like instrument. O. Reg. 265/97, s. 2.
8. The, (a) placing of the whole or any part of the assets of a dealer in the hands of a receiver pursuant to a debenture or like instrument; or (b) ceasing, by a dealer or operator, to carry on business, is prescribed as an additional condition to those referred to in subsection 3 (1) of the Act under which a producer may apply for payment from the Fund. R.R.O. 1990, Reg. 450, s. 8.
9. (1) An application for payment from the Fund shall be made to the Board in a form satisfactory to the Board. R.R.O. 1990, Reg. 450, s. 9 (1). (2) A separate application shall be made to the Board in respect of each dealer against whom a producer has a claim and in respect of each operator against whom an owner has a claim. R.R.O. 1990, Reg. 450, s. 9 (2). (3) An application to the Board shall be made not later than thirty days next following the date on which the ground for making the claim arises. R.R.O. 1990, Reg. 450, s. 9 (3).
10. On receiving an application under section 9, the Board shall give notice of the claim by registered mail, courier or facsimile transmission to the dealer or operator against whom the claim was made and shall notify the chief inspector. O. Reg. 265/97, s. 3.
11. The Board shall refuse to pay a claim that it determines is invalid and it shall, (a) give notice of the refusal, by registered mail, courier or facsimile transmission, to the applicant and to the dealer or operator; and (b) notify the chief inspector of the refusal. O. Reg. 265/97, s. 3.
12. The Board shall pay a claim from the Fund if it determines that the claim is valid and shall notify the dealer or operator and the chief inspector of the payment. O. Reg. 265/97, s. 3.
13. (1) Where the Board makes a payment from the Fund, the dealer or operator in respect of whom the payment is made shall, (a) pay to the Board; or (b) commence to pay by instalments in accordance with an undertaking approved by the Board, the amount paid from the Fund. R.R.O. 1990, Reg. 450, s. 13 (1); O. Reg. 265/97, s. 4 (1). (2) The Board shall notify the chief inspector if a dealer or operator fails to make a lump sum payment or to make an instalment payment as it comes due under an undertaking referred to in subsection (1). O. Reg. 265/97, s. 4 (2).
14. (1) The Board may refuse to make payments in respect of a claim, (a) subject to subsection (2), where the applicant claims payment in respect of a dealer who is not a licensed dealer or an operator who is not a licensed operator; (b) where any cheque received by the applicant from a dealer is dishonoured by non-acceptance or non-payment unless the applicant has presented the cheque for payment within five banking days of the date on which the applicant received it; (c) where the applicant fails to make an application to the Board within the time prescribed by subsection 9 (3); (d) if the applicant has made an arrangement with the dealer to extend the time for payment under section 6; (e) where the applicant is not the producer of the soybeans in respect of which the claim is made; (f) if the basis or delayed price contract referred to in subsection 6 (1) is not in writing and signed by the applicant and the dealer; (g) if the applicant has failed to notify the chief inspector in accordance with section 7; or (h) if the applicant and the dealer or operator are associated in any way and the conduct of the applicant or, where the applicant is a corporation, of an officer or director of the applicant or person having power to direct the management of the applicant, caused the default in payment or failure to deliver the soybeans and, in the circumstances, it would be inequitable to make a payment from the Fund. R.R.O. 1990, Reg. 450, s. 14 (1); O. Reg. 265/97, s. 5. (2) An applicant may be paid from the Fund where the claim is made in respect of soybeans sold to or stored by a dealer or operator whose licence was suspended, revoked or not renewed or had expired, if at the time the sale or storage was made the applicant was unaware of that suspension, revocation, non-renewal or expiry. R.R.O. 1990, Reg. 450, s. 14 (2).
15. The Board, having regard to the circumstances of a case, may make payment from the Fund where a claim for payment is made in substantial conformity with subsection 9 (3). R.R.O. 1990, Reg. 450, s. 15.