Third

Session, 47th General Assembly

Elizabeth II, 2014

BILL 17

AN ACT TO AMEND THE

REVENUE ADMINISTRATION ACT AND THE TAX AGREEMENT ACT, 2010

Received and Read the First Time .................................................................................................

Second Reading .................................................................................................................................

Committee ..........................................................................................................................................

Third Reading .....................................................................................................................................

Royal Assent ......................................................................................................................................

HONOURABLE

CHARLENE JOHNSON

Minister of Finance and President of Treasury Board

Ordered

to be printed by the Honourable House of Assembly

EXPLANATORY NOTES

The Bill would amend the Revenue Administration Act to allow the

Lieutenant-Governor in Council to make regulations providing for the recovery

of overpayments of rebates.

The Bill would also amend the Tax Agreement Act, 2010 to allow the

Lieutenant-Governor in Council

to make regulations providing

for the recovery of overpayments of rebates; and

to make regulations with

retroactive effect.

A BILL

AN ACT TO AMEND THE REVENUE ADMINISTRATION

ACT AND THE TAX AGREEMENT ACT, 2010

Analysis

REVENUE

ADMINISTRATION ACT

S.107 Amdt.

Regulations

TAX

AGREEMENT ACT, 2010

S.7 Amdt.

Regulations

Commencement

Be it enacted by the Lieutenant-Governor and

House of Assembly in Legislative Session convened, as follows:

REVENUE ADMINISTRATION ACT

SNL2009 cR-15.01

as amended

Section 107 of the Revenue Administration Act is amended by adding immediately after

paragraph (f.1) the following:

(f.2) providing for the recovery of overpayments of

rebates;

TAX AGREEMENT ACT, 2010

SNL2010 cT-0.02

(1) Section 7 of the Tax Agreement Act, 2010 is amended by renumbering it as subsection 7(1).

(2) Subsection 7(1) of the Act is amended by deleting

the word and at the end of paragraph (

a) and by adding immediately after

paragraph (

a) the following:

(a.1) providing for the recovery of overpayments of

rebates; and

(3) Section 7 of the Act is amended by adding

immediately after subsection (1) the following:

(2) Regulations made under this

section may be

made with retroactive effect.

Commencement

Section 1 and subsections 2(1) and (2) are

considered to have come into force on April 1, 2013.

Queen's Printe r