Acts and Regulations

2013, c.30 - Financial and Consumer Services Commission Act

Section 74
Disposition versions

Full text
Assessments - Credit Unions Act
74(1)The Commission shall determine the total amount of the costs and expenses of the Province in relation to the administration of the Credit Unions Act and the regulations under that Act for the period beginning on April 1, 2013, and ending on the commencement of this section, and the amount determined by the Commission is final and conclusive for all purposes.
74(2)The amount determined under subsection (1) shall be assessed by the Commission against all credit unions in the manner set out in subsections 19.1(1) to (3) of the General Regulation under the Credit Unions Act, with the necessary modifications.
74(3)An assessment made under subsection (2), including any related interest,
(a) is binding on each credit union against which it is made and is final and conclusive,
(b) is payable on the demand of and to the Commission, and
(c) constitutes a debt payable to the Commission and may be recovered as a debt in a court of competent jurisdiction.
74(4)Subsection 291(3) of the Credit Unions Act and subsections 19.1(5) to (7) of the General Regulation under the Credit Unions Act apply with the necessary modifications to an assessment made under subsection (2).
74(5)A certificate purporting to be signed by an employee or officer of the Commission setting out the amount of the assessment and any related interest is, without proof of the appointment, authority or signature of the person purporting to have signed the certificate, admissible in evidence and is, in the absence of evidence to the contrary, proof of the facts stated in the certificate.
Assessments - Credit Unions Act
74(1)The Commission shall determine the total amount of the costs and expenses of the Province in relation to the administration of the Credit Unions Act and the regulations under that Act for the period beginning on April 1, 2013, and ending on the commencement of this section, and the amount determined by the Commission is final and conclusive for all purposes.
74(2)The amount determined under subsection (1) shall be assessed by the Commission against all credit unions in the manner set out in subsections 19.1(1) to (3) of the General Regulation under the Credit Unions Act, with the necessary modifications.
74(3)An assessment made under subsection (2), including any related interest,
(a) is binding on each credit union against which it is made and is final and conclusive,
(b) is payable on the demand of and to the Commission, and
(c) constitutes a debt payable to the Commission and may be recovered as a debt in a court of competent jurisdiction.
74(4)Subsection 291(3) of the Credit Unions Act and subsections 19.1(5) to (7) of the General Regulation under the Credit Unions Act apply with the necessary modifications to an assessment made under subsection (2).
74(5)A certificate purporting to be signed by an employee or officer of the Commission setting out the amount of the assessment and any related interest is, without proof of the appointment, authority or signature of the person purporting to have signed the certificate, admissible in evidence and is, in the absence of evidence to the contrary, proof of the facts stated in the certificate.