Agreed.
---Clauses 1 through 7
This is page numbers 6777 - 6812 of the Hansard for the 16th Assembly, 6th Session. The original version can be accessed on the Legislative Assembly's website or by contacting the Legislative Assembly Library. The word of the day was land.
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Some Hon. Members
Agreed.
---Clauses 1 through 7
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David Krutko Mackenzie Delta
Mr. Chair, if it’s acceptable to the House, can we do this in blocks? We’ve got 80-something clauses, so it could save us some time. So if that’s acceptable to the rest of the House, maybe we could consider that.
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Some Hon. Members
: Agreed.
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August 17th, 2011
Some Hon. Members
Agreed.
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The Chair Glen Abernethy
I was going to do that anyway. Clauses 8 through 20.
---Clauses 8 through 20 inclusive approved
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Some Hon. Members
Agreed.
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The Chair Glen Abernethy
Does committee agree that Bill 7 as amended is ready for third reading?
---Bill 7 as a whole as amended approved for third reading
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The Chair Glen Abernethy
Okay, Bill 7 as amended is now ready for third reading. Thank you, committee.
Okay, I believe it’s going to be the same witnesses, Minister McLeod? No? ...(inaudible)...and escort the witnesses out of the Chamber.
Is it agreed we proceed with Bill 19?
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Some Hon. Members
Agreed.
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The Chair Glen Abernethy
Agreed. The first thing we’ll do is we’ll get the Minister responsible to introduce the bill. Minister McLeod.
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Robert C. McLeod Inuvik Twin Lakes
Mr. Chairman, I am here to present Bill 19, Cost of Credit Disclosure Act. This act fulfills a commitment made by the Premier of the Northwest Territories, who was a signatory of the Agreement on Internal Trade (1994).
That agreement was signed by Canada`s First Ministers in July 1994, to reduce barriers to the movement of persons, goods, services, and investments within Canada. The objectives of the reforms in the agreement are to harmonize laws and develop simplified, uniform cost of credit disclosure requirements to reduce compliance costs and provide uniform consumer protection across Canada.
Changing patterns of credit use among Canadians resulted in the need to modernize laws governing credit. This act will apply to a wide range of credit arrangements and leases in the Northwest Territories, and will set out specific disclosure requirements for all forms of consumer credit.
Thank you, Mr. Chairman. I look forward to hearing comments from the Members, and answering any questions.
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The Chair Glen Abernethy
Thank you, Minister McLeod. We’ll now go to the chairman of the standing committee responsible that reviewed the bill to make committee comments. Mr. Ramsay.
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David Ramsay Kam Lake
Thank you, Mr. Minister. The Standing Committee on Economic Development and Infrastructure met on August 16, 2011, to review Bill 19, Cost of Credit Disclosure Act. Following the public hearing and clause-by-clause review, a motion was carried to report Bill 19 to the Assembly as ready for consideration in Committee of the Whole.
This concludes the committee’s general comments on Bill 19. Individual Members may have additional questions or comments as we proceed. Thank you, Mr. Chairman.
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The Chair Glen Abernethy
Thank you, Mr. Ramsay. Would the Minister responsible like to bring witnesses into the Chamber?
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