I move that clause 8 of Bill 46 be amended by adding the following after subclause (1):

(1.1) Notwithstanding subsection (1), the Minister shall, in accordance with the regulations, require that an applicant for, holder of, or prospective assignee or transferee of a disposition for a commercial or industrial use, provide and maintain security with the Minister in an amount and manner that the Minister determines to be sufficient to protect the public interest.

in subclause (2), by striking out "to which this section applies" and substituting "for which security is required under subsection (1) or (1.1)";

in subclause (3), by striking out "subsection (1)" and substituting "subsection (1) or (1.1)";

in subclause (5), by striking out "to which this section applies" and substituting "for which security is required under subsection (1) or (1.1)"; and

in that portion of subclause (6) preceding paragraph (a), by striking out "subsection (1)" and substituting "subsection (1) or (1.1)."

Thank you, Mr. Chair.