Section 4 of the Privatization Act flagged for future repeal once Lieutenant Governor proclaims a date
Province of Ontario Savings Office Privatization Act, 2002, S.O. 2002, c. 8, Sched. H — under the Province of Ontario Savings Office Privatization Act, 2002
Plain-language summary · AI-assisted · not legal advice
An amendment has been added to the consolidated text noting that section 4 of this Act — which exempts privatization transfers from a specific provision of the Financial Administration Act — is scheduled to be repealed on a date yet to be set by the Lieutenant Governor in Council. Until that proclamation is made, section 4 remains in effect and the exemption continues to apply. Organizations involved in transactions or agreements under this Act should monitor for the proclamation date, as the repeal could affect how those transactions are governed going forward.
Who this affects: organizations party to privatization agreements under this Act · government ministries administering transfers under this Act · financial and legal compliance teams tracking Ontario privatization legislation
Source of truth: 02p08 on ontario.ca · consolidated version 7 → 0
Legislative text © King's Printer for Ontario. This page is not an official version of the law and is not legal advice. Verify against the official source before acting.
Get changes like this in your inbox, every Friday.