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O. Reg. 24/08: GENERAL

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ontario regulation 24/08

made under the

collection agencies act

Made: February 13, 2008
Filed: February 15, 2008
Published on e-Laws: February 15, 2008
Printed in The Ontario Gazette: March 1, 2008

Amending Reg. 74 of R.R.O. 1990

(General)

1. Clause 6 (b) of Regulation 74 of the Revised Regulations of Ontario, 1990 is amended by striking out “Bankruptcy Act (Canada)” and substituting “Bankruptcy and Insolvency Act (Canada)”.

2. Section 8 of the Regulation is revoked and the following substituted:

8. If the Crown in right of Ontario becomes a creditor of a person in respect of a debt to the Crown arising from section 6, the Registrar may take the proceedings that he or she sees fit under the Bankruptcy and Insolvency Act (Canada), the Courts of Justice Act, the Corporations Act or the Winding-up and Restructuring Act (Canada) for the appointment of an interim receiver, custodian, trustee, receiver or liquidator, as the case may be.

3. The following provisions of the Regulation are amended by striking out “Public Accountancy Act” wherever that expression appears and substituting in each case “Public Accounting Act, 2004”:

1. Subsection 13 (5).

2. Subsection 13 (6).

4. The Regulation is amended by adding the following section:

19.2 The Act does not apply to an authorized foreign bank within the meaning of section 2 of the Bank Act (Canada).

5. Paragraphs 3 and 9 of subsection 22 (7) of the Regulation are revoked.

6. This Regulation comes into force on the day it is filed.