Thank you, Mr. Chairman. I move that subclause 40(1) of Bill 3, be deleted and the following be substituted:
40(1) in an application under section 38 the court
(a) may order
(i) that one spouse pay to the other spouse the amount to which the court finds that spouse to be entitled under this part;
(ii) that security, including a charge on property, be given for the performance of an obligation imposed by the order;
(iii) that if, necessary to avoid hardship, an amount referred to in subparagraph (i) be paid in instalments during a period not exceeding 10 years or that payment of all or part of the amount be delayed for a period not exceeding 10 years, and
(iv) that, if appropriate to satisfy an obligation imposed by the order,
(A) property be transferred to or in trust for or vested in a spouse whether absolutely, for life or for a term of years, or
(B) any property be partitioned or sold; and
(b) in the circumstances described in subsection 37(17) may make any other order or give any direction that the court considers fair and equitable.
Thank you.