4th Session, 42nd Parliament

(2023) FIRST READING

The following electronic version is for informational purposes only.

The printed version remains the official version.

HONOURABLE KATRINE CONROY

MINISTER OF FINANCE

BILL 8 – 2023

REAL ESTATE SERVICES AMENDMENT ACT, 2023

HIS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

CLAUSE 1: [Real Estate Services Act,

section 91]

empowers the British Columbia Non-Profit Housing Association to appoint one member of the board of governors of the Real Estate Foundation of British Columbia;

removes from the membership of that board the Minister of Finance or an individual appointed by that minister.

Section 91 (1) (

e) of the Real Estate Services Act, S.B.C. 2004, c. 42, is repealed and the following substituted:

(

e) one member appointed by the British Columbia Non-Profit Housing Association.

CLAUSE 2: [Real Estate Services Act,

section 93] removes the power of the Minister of Finance to issue to the Real Estate Foundation of British Columbia written directions to undertake and carry out projects and activities that the minister designates as being in the public interest.

Section 93 is amended

(

a) in subsection (1) by striking out " , and " at the end of paragraph (

a) and by repealing paragraph (b), and

(

b) by repealing subsection (2).

Commencement

3 This Act comes into force on the date of Royal Assent or March 31, 2023, whichever is earlier.

Explanatory Notes

CLAUSE 1: [Real Estate Services Act,

section 91]

empowers the British Columbia Non-Profit Housing Association to appoint one member of the board of governors of the Real Estate Foundation of British Columbia;

removes from the membership of that board the Minister of Finance or an individual appointed by that minister.

CLAUSE 2: [Real Estate Services Act,

section 93] removes the power of the Minister of Finance to issue to the Real Estate Foundation of British Columbia written directions to undertake and carry out projects and activities that the minister designates as being in the public interest.

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