Acts and Regulations

W-14 - Workplace Health, Safety and Compensation Commission and Workers’ Compensation Appeals Tribunal Act

Section 24
Disposition versions

Full text
Power to invest and borrow, liability for tax
24(1)Subject to the regulations, the Commission has the power, and shall be deemed always to have had power,
(a) to invest any part of the Accident Fund or the Disability Fund and any other money under its control in the manner authorized by the Trustees Act, but not in mortgages on real estate, and
(b) to borrow such sums as may be deemed expedient for the proper carrying out of the provisions of this Act, the Workers’ Compensation Act, the Firefighters’ Compensation Act and the Occupational Health and Safety Act.
24(2)No part of the Accident Fund or the Disability Fund, whether so invested or not, is subject to municipal or other tax.
2009, c.F-12.5, s.62; 2015, c.22, s.12
Power to invest and borrow, liability for tax
24(1)Subject to the regulations, the Commission has the power, and shall be deemed always to have had power,
(a) to invest any part of the Accident Fund or the Disability Fund and any other money under its control in any securities that are under the Trustees Act, a proper investment for trust funds, except mortgages on real estate, and
(b) to borrow such sums as may be deemed expedient for the proper carrying out of the provisions of this Act, the Workers’ Compensation Act, the Firefighters’ Compensation Act and the Occupational Health and Safety Act.
24(2)No part of the Accident Fund or the Disability Fund, whether so invested or not, is subject to municipal or other tax.
2009, c.F-12.5, s.62
Power to invest and borrow, liability for tax
24(1)Subject to the regulations, the Commission has the power, and shall be deemed always to have had power,
(a) to invest any part of the Accident Fund or the Disability Fund and any other money under its control in any securities that are under the Trustees Act, a proper investment for trust funds, except mortgages on real estate, and
(b) to borrow such sums as may be deemed expedient for the proper carrying out of the provisions of this Act, the Workers’ Compensation Act, the Firefighters’ Compensation Act and the Occupational Health and Safety Act.
24(2)No part of the Accident Fund or the Disability Fund, whether so invested or not, is subject to municipal or other tax.
2009, c.F-12.5, s.62
Power to invest and borrow, liability for tax
24(1)Subject to the regulations, the Commission has the power, and shall be deemed always to have had power,
(a) to invest any part of the Accident Fund and any other money under its control in any securities that are under the Trustees Act, a proper investment for trust funds, except mortgages on real estate, and
(b) to borrow such sums as may be deemed expedient for the proper carrying out of the provisions of this Act, the Workers’ Compensation Act and the Occupational Health and Safety Act.
24(2)No part of the Accident Fund, whether so invested or not, is subject to municipal or other tax.