Thank you, Madam Chairperson. I earlier spoke to Bill 22 and in so doing, summarized the primary purpose of this bill as well. As noted at that time, the two bills together will have the effect of transferring responsibility for corporations and limited partnerships to the applicable legislation in Nunavut where these corporations of limited partnerships are most closely connected with Nunavut. At the same time, existing corporations and limited partnerships may continue to operate in both territories until March 31, 2001 without registration as an extra-territorial corporation or extra-territorial limited partnership.
Madam Chairperson, in addition, this bill would amend the Land Titles Act to provide that the Nunavut Land Titles Office may be temporarily located outside of Nunavut. Current plans would see that the office be located in Yellowknife for a transitional period.
At this time, I would like to acknowledge the role of the Office of the Interim Commissioner and their staff, NTI and their staff in the review of both the legal registries bills, as well as a Special Committee on Nunavut Legislation for its review and support of this bill. I would be pleased to answer any questions the committee may have. Thank you, Madam Chairperson.