Financial Administration Act

ONTARIO REGULATION 31/25

SECTION 28 EXEMPTIONS — CERTAIN TRADE SHOW AGREEMENTS

Consolidation Period: From April 7, 2025 to the e-Laws currency date.

No amendments.

This is the English version of a bilingual regulation.

Definition

1. In this Regulation,

“trade show agreement” means an agreement to participate in a trade show as an exhibitor.

Trade show agreements

2. A financial arrangement, financial commitment, guarantee, indemnity or similar transaction contained in a trade show agreement entered into by a ministry or public entity is exempt from the application of subsection 28 (1) of the Act if the trade show agreement does not require the ministry or public entity to indemnify another person in respect of that person’s negligence or wilful misconduct.

Terms and conditions

3. The following terms and conditions apply in relation to an exemption under section 2:

1.  The ministry or public entity shall report on a transaction exempted under section 2 to the President of the Treasury Board when a liability is incurred in connection with the transaction and the report must include the following information:

i.  Details of the exempted transaction in connection with which the liability was incurred.

ii.  A description of any anticipated risks associated with the exempted transaction.

iii.  A description of the liability that was incurred and the actual amount of the liability.

4. Omitted (revokes other Regulations).

5. Omitted (provides for coming into force of provisions of this Regulation).