11/68

O.C. 3878/67

January 1, 1968

Bonding Act

Bonding Regulations

[Last amended July 15, 2024 by B.C. Reg. 209/2024]

11_68_pit

Repealed

1.01-1.04

Repealed. [B.C. Reg. 209/2024, s. 1.]

Repealed

2.01-2.05

Repealed. [B.C. Reg. 518/2004, Sch., s. 1.]

Repealed

3.01-3.03

Repealed. [B.C. Reg. 32/92, s. 1.]

Repealed

3.04-3.05

Repealed. [B.C. Reg. 49/2008.]

Repealed

3.06

Repealed. [B.C. Reg. 4/95.]

Repealed

4.01-4.03

Repealed. [B.C. Reg. 165/2008.]

Repealed

5.01-5.04

Repealed. [B.C. Reg. 295/2004, s. 2 (a).]

Spent

6.01-6.02

Spent.

Repealed

7.01-7.02

Repealed. [B.C. Reg. 412/2008, App. s. 1 (a).]

7.1

Repealed

7.101- 7.104

Repealed. [B.C. Reg. 221/2016, s. (a).]

7.2

Bonds under Motion Picture Act

Definitions

7.201

In this Division, adult film , adult film distributor , copy and director have the meanings given them in

section 1 of the Motion Picture Act .

[en. B.C. Reg. 75/90.]

Jurisdictions outside Province

7.202

An adult film distributor licensed under the Motion Picture Act , or an agent of the adult film distributor approved by the director, who with the approval of the director wishes to affix a decal to an adult film or copy in a jurisdiction outside of the Province, shall furnish and maintain, during the term of the adult film distributor's licence, a bond or other security in the amount of $10 000 for the honest and lawful conduct of the business of an adult film distributor by the adult film distributor and the agents of the adult film distributor.

[en. B.C. Reg. 75/90; am. B.C. Reg. 107/91, s. 1.]

Director is obligee

7.203

The obligee in whose favour a bond under sections 7.202 and 7.205 shall be given and who shall hold the bond shall be the director.

[en. B.C. Reg. 75/90; am. B.C. Reg. 107/91, s. 2.]

Forfeiture

7.204

The bond or other security given under this

section shall be forfeited if the adult film distributor or agent of the adult film distributor

contravenes the Motion Picture Act or regulations made under it,

contravenes a decision of the director made under the Motion Picture Act or regulations made under it, or

is convicted of an offence under the Motion Picture Act .

[en. B.C. Reg. 75/90; am. B.C. Reg. 107/91, s. 3.]

Who must furnish bond

7.205

An adult film distributor who is required by the director, as a condition of issuing or renewing a licence, to post and maintain a bond or other security shall furnish and maintain during the term of the adult film distributor's licence a bond or other security in an amount of $10 000 for the honest and lawful conduct of the business of an adult film distributor by the adult film distributor.

[en. B.C. Reg. 107/91, s. 4.]

7.3

Repealed

7.301- 7.303

Repealed. [B.C. Reg. 229/95.]

7.4

Bonds under the Degree Authorization Act

Interpretation

7.401

In this Division, Act means the Degree Authorization Act .

[en. B.C. Reg. 404/2003, s. 1.]

Who must furnish bond and amount of bond

7.402

A person in respect of whom security is prescribed under the Act must deliver and maintain a bond in accordance with and in the amount specified by the Degree Authorization Regulation.

[en. B.C. Reg. 404/2003, s. 1.]

Acceptable security

7.403

Despite

section 8 of this regulation, acceptable security for a bond for the purposes of the Act, must consist of one or more of the following types of security:

short term deposits, not to exceed 3 years, issued by a savings institution and registered in the name of the minister;

registered marketable bonds that are

accompanied by a duly executed, irrevocable power of attorney that authorizes the minister to realize the security;

irrevocable letters of credit, issued by a savings institution, with a termination date beyond the required term of security and containing a promise to pay the minister a specified sum on written demand;

surety bonds, issued by a person authorized under the Financial Institutions Act to carry on insurance business.

[en. B.C. Reg. 404/2003, s. 1; am. B.C. Reg. 204/2011, Sch. B, s. 5.]

7.5

Repealed

7.501- 7.502

Repealed. [B.C. Reg. 66/2019, s. 4.]

Acceptable Types of Security

Acceptable security

For the purposes of the Bonding Act and this regulation, a bond must consist of one or more of the following types of security:

short term deposits, not to exceed 3 years, issued by a savings institution and registered in the name of the minister, the interest from which may be payable to the depositor;

guaranteed investment certificates, not to exceed 3 years, issued by a savings institution and registered in the name of the minister, the interest from which may be payable to the person who takes out the certificate;

registered marketable bonds that are

accompanied by a duly executed, irrevocable power of attorney that authorizes the minister to realize the security;

irrevocable letters of credit, issued by a savings institution, with a termination date beyond the required term of security and containing a promise to pay the minister a specified sum on written demand;

bank drafts issued in Canadian funds;

personal money orders issued in Canadian funds by a savings institution, or postal money orders issued by the Canada Post Corporation;

a bond of the Insurance Corporation of British Columbia;

cash, in Canadian funds, and a cash bond must provide that no interest is payable by the government unless required under the enactment, licence or permit under which the security is required or by a contract with the government;

surety bonds, issued by a person authorized under the Financial Institutions Act to carry on insurance business;

a certified cheque issued by a financial institution.

[en. B.C. Reg. 347/93; am. B.C. Regs. 186/95, s. (a); 204/2011, Sch. B, s. 5.]

Designated Acts

Designated Acts

The following Acts, and any regulation made under them, are designated for the purposes of

section 2 of the Bonding Act :

Agricultural Land Commission Act

Business Practices and Consumer Protection Act

Carbon Tax Act

College and Institute Act

Degree Authorization Act

Employment Standards Act

Independent School Act

Insurance Corporation Act

Islands Trust Act

Motion Picture Act

Motor Dealer Act

Motor Fuel Tax Act

Motor Vehicle Act

Private Training Act

Provincial Sales Tax Act

Sheriff Act

Tobacco Tax Act

Transport of Dangerous Goods Act

Wildlife Act

[en. B.C. Reg. 347/93; am. B.C. Regs. 186/95, s. (b); 404/2003, s. 2; 295/2004, s. 2 (b); 126/2008, s. 3; 216/2010, Sch., s. 1; 269/2010, Sch., s. 2; 91/2013, Sch., s. 2; 99/2015, s. 2; 66/2019, s. 5; 187/2023, Sch., s. 12; 209/2024, s. 2.]

Schedule

Repealed. [B.C. Reg. 209/2024, s. 3.]

[Provisions relevant to the enactment of this regulation: Bonding Act , R.S.B.C. 1996, c. 30, s. 11.]