OC2003-250
2003-05-30
Finance
Canada Pension Plan
Whereas, the Parliament of Canada enacted An Act to Amend the Canada Pension Plan and the Canada Pension Plan Investment Board Act, S.C. 2003, c.5, which Act received Royal Assent on April 3, 2003.
And Whereas when sections 1 to 19 of An Act to Amend the Canada Pension Plan and the Canada Pension Plan Investment Board Act come into force, they will alter the management or operation of the Canada Pension Plan Account, the Canada Pension Plan Investment Fund, and the Canada Pension Plan Investment Board Act, S.C. 1997, c.40.
And Whereas subsection 114(4) of the Canada Pension Plan, R.S.C. 1985, c. C-8, s.114; R.S.C., 1985, c. 30 (2nd Supp.), s. 57; S.C. 1993, c. 28, s. 78; S.C. 1997, c.40, s.95, provides that where any enactment of Parliament contains any provision that, among other things, alters the management or operation of the Canada Pension Plan Account, the Canada Pension Plan Investment Fund, or the Canada Pension Plan Investment Board Act, it shall be deemed to be a term of that enactment, whether or not it is expressly stated in the enactment, that the provision shall come into force only on a day to be fixed by order of the Governor in Council, which order may not be made and shall not in any case have any force or effect unless the Lieutenant Governor in Council of each of at least two thirds of the included provinces, having in the aggregate not less than two thirds of the population of all of the included provinces, has signified the consent of that province to the enactment.
Therefore His Honour the Lieutenant Governor in Council of the Province of Newfoundland and Labrador, on the recommendation of the Minister of Finance and President of Treasury Board, in accordance with subsection 114(4) of the Canada Pension Plan, is pleased hereby to signify the consent of the province of Newfoundland and Labrador to An Act to Amend the Canada Pension Plan and the Canada Pension Plan Investment Board Act, S.C. 2003, c.5.