Thank you, Mr. Chairman. The Standing Committee On Governance And Economic Development reviewed Bill 3, An Act To Amend The Financial Administration Act at its meetings on March 20th and 22nd, 2000.
The committee would like to thank the Ministers of Finance and Municipal and Community Affairs and their officials for presenting the bill and responding to the committee's questions.
The purpose of the act is to amend the Financial Administration Act to provide retroactive approval for the Minister responsible for Municipal and Community Affairs to enter into an indemnification agreement with federal, provincial and other territorial governments for the exchange of information under the Cooperative Enforcement Agreement on Consumer Related Measures, effective April 1,1999.
This inter-jurisdictional agreement provides for the sharing of valuable consumer-related information between jurisdictions. This information is intended to give our northern consumers protection from persons or businesses who are known by other jurisdictions to have carried on questionable commercial activities.
Mr. Chair, the standing committee supports these proposed amendments and awaits further discussion during the clause by clause review of the bill. This concludes the standing committee's comments on Bill 3, An Act To Amend The Financial Administration Act. Thank you, Mr. Chair.