Mr. Krutko.

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.

Thank you, Mr. Krutko. Committee agree?

I was going to do that anyway. Clauses 8 through 20.

---Clauses 8 through 20 inclusive approved

Clauses 21 through 30.

---Clauses 21 through 30 inclusive approved

Clauses 31 through 40.

---Clauses 31 through 40 inclusive approved

Clauses 41 through 50.

---Clauses 41 through 50 inclusive approved

Clauses 51 through 60.

---Clauses 51 through 60 inclusive approved

Clauses 61 through 70.

---Clauses 61 through 70 inclusive approved

Clauses 71 through 80.

---Clauses 71 through 80 inclusive approved

Clauses 81 through 88.

---Clauses 81 through 88 inclusive approved

Bill as a whole as amended.

Does committee agree that Bill 7 as amended is ready for third reading?

---Bill 7 as a whole as amended approved for third reading

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?

Agreed. The first thing we’ll do is we’ll get the Minister responsible to introduce the bill. Minister McLeod.

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.

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.

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.

Thank you, Mr. Ramsay. Would the Minister responsible like to bring witnesses into the Chamber?

Yes, I would, Mr. Chair.