Bill 211 (Legislature 29, Session 3)

L29 S3 11727

Alberta — Bills

2017 Bill 211 Third Session, 29th Legislature, 66 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 211 ASSURED INCOME FOR THE SEVERELY HANDICAPPED (DISCRETIONARY TRUST) AMENDMENT ACT, 2017 MR. MALKINSON First Reading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Second Reading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Committee of the Whole . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

Third Reading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Royal Assent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1 Bill 211 Mr. Malkinson BILL 211 2017 ASSURED INCOME FOR THE SEVERELY HANDICAPPED (DISCRETIONARY TRUST) AMENDMENT ACT, 2017 (Assented to , 2017) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: Amends SA 2006 cA-45.1 1 The Assured Income for the Severely Handicapped Act is amended by this Act. 2

Section 1 is amended by adding the following after clause (f): (f.1) “discretionary trust” means a trust in which the distribution of the assets of that trust to a beneficiary depends on the exercise by a trustee of, or the failure by a trustee to exercise, a discretionary power; 3 The following is added after

section 3: Discretionary trust 3.1 For the purposes of

section 3(3)(d), the determination of the value of all assets of a person shall not include the value of any assets that are held in a discretionary trust in which the person has a beneficial interest. 4 This Act comes into force on Proclamation.

Explanatory Notes 1 EXPLANATORY NOTES 1 Amends

chapter A-45.1 of the Statutes of Alberta 2006. 2

Definitions. 3 Discretionary trust. 4 Coming into force.

Record of Debate STAGE DATE MEMBER FROM TO TOTAL CUMULATIVE TOTAL Title: 2017 (29th, 3rd) Bill 211, Assured Income for the Severely Handicapped (Discretionary Trust) Amendment Act, 2017

Document details

Collection	Alberta — Bills
Citation	L29 S3 11727
Type	bill
Volume / chapter	L29 S3 11727
Language	en
Format	json
Source	PROVINCIAL
Identifier	7b04d3d574b2dcc632fa684059ca08ae96f274fc

Source file is stored in the law ingest library (json).