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Volume 55, No. 13

151/2012

The British Columbia Gazette,

Part II

July 3, 2012

B.C. Reg. 151/2012 , deposited June 25, 2012, pursuant to the FINANCIAL ADMINISTRATION ACT [section 18 (2)]. Order in Council 438/2012, approved and ordered June 22, 2012.

On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that the Forgiveness of Debts and Obligations Regulation, B.C. Reg. 269/92, is amended as set out in the attached Schedule.

— K. FALCON, Minister of Finance and Deputy Premier ; M. MCNEIL, Presiding Member of the Executive Council .

Schedule

Section 1 of the Forgiveness of Debts and Obligations Regulation, B.C. Reg. 269/92, is amended

(

a) by repealing the definition of "branch" , and

(

b) by adding the following

definitions:

"collection officer" means a person within the Revenue Division who is responsible for

(

a) collecting debts or obligations, or

(

b) reviewing and approving recommendations, from service providers who collect debts or obligations, to forgive all or part of a debt or obligation;

"forgivable amount" means the total amount of principal and interest, owing as a debt or obligation or part of a debt or obligation, to be forgiven;

"Revenue Division" means the Revenue Division of the Ministry of Finance.

Section 2 is repealed and the following substituted:

Approval of forgiveness of a debt or obligation

2 Subject to

section 4, a forgivable amount set out in column 2 of the following table may be forgiven with the prior approval of a person listed in column 1 opposite that forgivable amount:

Column 1

Column 2

Item

Persons who may approve

Forgivable amount

(

a) Minister of Finance

(

b) Deputy Minister of Finance

(

c) Comptroller General, Ministry of Finance

(

d) Assistant Deputy Minister, Revenue Division

(

e) Assistant Deputy Minister, Corporate and Ministry Support Services Division, Ministry of Finance

less than $100 000

(

a) a person listed in item 1

(

b) an Executive Director in the Revenue Division to whom a person listed in item 3 (

c) reports

$50 000 or less

(

a) a person listed in item 1 or 2

(

b) a collection officer

(

c) a person who is a director, manager or supervisor of a collection officer

$25 000 or less

Section 3 is repealed.

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