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NEWFOUNDLAND AND LABRADOR

REGULATION 9/25

Department of Finance Notice, 2025

under the

Executive Council Act

(O.C. 2020-186)

(Filed February 3, 2025)

Under the authority of

section 5 of the Executive Council Act , the Lieutenant-Governor in Council gives the following Notice.

Dated at St. Johns, January 31, 2025.

Krista Quinlan

Clerk of the Executive Council

NOTICE

Analysis

Short title

Definitions

Departmental structure

Powers and duties of the minister

Administration of Acts

Repeal

Schedule A

Schedule B

Schedule C

Short title

This Notice may be cited as the Department of Finance Notice, 2025 .

9/25 s1

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Definitions

In this Notice

(a)

"department" means, unless the context indicates otherwise, the Department of Finance; and

(b)

"minister" means, unless the context indicates otherwise, the Minister of Finance.

9/25 s2

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Departmental structure

(1)The department was restructured by Order in Council 2020-186.

(2) The department is presided over by the minister.

(3) The department has 3 branches, as follows:

(

a) Economics and Statistics;

(

b) Tax and Fiscal Policy; and

(

c) Treasury Management and Budgeting.

9/25 s3

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Powers and duties of the minister

The powers, functions and duties of the minister include the supervision, control and direction of all matters relating to

(

a) fiscal forecasting, including annual budget preparation;

(

b) tax policy and the administration of tax statutes;

(

c) debt issuance and investment;

(

d) treasury management and analysis;

(

e) economic and demographic forecasting; and

(

f) representing the province on statistical matters,

which are not, or in so far as they are not, the responsibility of another minister, agency, body, corporation, board, organization or person.

9/25 s4

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Administration of Acts

(1)The minister has sole responsibility for the administration of the Acts set out in

Schedule A and of all orders and regulations passed or made under those Acts, including those powers, functions or duties necessary or desirable for carrying out the purposes of those Acts.

(2) The minister and the minister of the departments indicated in Schedules B and C share responsibility for the administration of the Acts set out in Schedules B and C and of the orders and regulations passed or made under those Acts, including those powers, functions or duties necessary or desirable for carrying out the purposes of those Acts.

(3) The minister has primary responsibility for the administration of the Act set out in

Schedule B and secondary responsibility for the administration of the Acts set out in

Schedule C.

9/25 s5

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Repeal

The Department of Finance Notice, 2019,

Newfoundland and Labrador Regulation 94/19, is repealed.

9/25 s6

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Schedule A

Crown Guarantee and Loan Act

Crown Royalties Act

Future Fund Act

Government-Javelin Taxation Act

Income Tax Act, 2000

Industrial Development Corporation Act

Labour-Sponsored Venture Capital Tax Credit Act

Labrador

Mining and Exploration Company Limited Act

Loan ( Canada

Pension Plan Investment Fund) Act, 1966

Loan Act

Loan and Guarantee Act, 1957

Local Authority Guarantee Act, 2005

Lotteries Act

Newfoundland

and Labrador Corporation Limited Act

Offshore Area Corporate Income Tax Act

Revenue Administration Act

School Tax Authorities Winding Up Act

Services Charges Act

Statistics Agency Act

Stock Savings Tax Credit Act

Supply Act

Tax Agreement Act, 2010

Venture Capital Act

9/25 Sch. A

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Schedule B

Financial Administration Act (with Executive Council)

9/25 Sch. B

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Schedule C

Government-Corner Brook Pulp and Paper Limited Agreement Act (with Fisheries, Forestry and Agriculture)

Government-Corner Brook Pulp and Paper Limited Agreement Act, 1994 (with Fisheries, Forestry and Agriculture)

Taxation of Utilities and Cable Television Companies Act (with Municipal and Provincial Affairs)

Transparency and Accountability Act (with Executive Council)

9/25 Sch. C

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