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This Act is current to November 27, 2019
See the Tables of Legislative Changes for this Act’s legislative history, including any changes not in force.

Land Owner Transparency Act

[SBC 2019] CHAPTER 23

Assented to May 16, 2019

Contents
Part 1 to 9
1-101Not in force
102-108 Amendments to this Act
109-127 Consequential Amendments
128Commencement
Schedule 1
Schedule 2

Part 1 to 9

Not in force

1-101   [Not in force.]

Amendments to this Act

[Note: See Table of Legislative Changes for the status of sections 102 to 127.]

Section(s)Affected Act
102-108Land Owner Transparency Act

Consequential Amendments

Section(s)Affected Act
109-121Land Title Act
122-127Land Title and Survey Authority Act

Commencement

128   The provisions of this Act referred to in column 1 of the following table come into force as set out in column 2 of the table:

ItemColumn 1
Provisions of Act
Column 2
Commencement
1Anything not elsewhere covered by this tableThe date of Royal Assent
2Sections 1 to 120By regulation of the Lieutenant Governor in Council
3Sections 122 to 127By regulation of the Lieutenant Governor in Council

Schedule 1

(Note: see section 1, definition of "relevant corporation")

Excluded Corporations and Limited Liability Companies

Exclusions under paragraph (a) of definition of "relevant corporation"

1   A corporation or limited liability company that is any of the following is not a relevant corporation:

(a) a corporation within the government reporting entity as defined in the Budget Transparency and Accountability Act;

(b) a government body within the meaning of section 1 of the Financial Administration Act;

(c) a local public body within the meaning of the Freedom of Information and Protection of Privacy Act;

(d) a body referred to in Schedule 2 [Public Bodies] of the Freedom of Information and Protection of Privacy Act;

(e) a corporation incorporated by a municipality under section 185 [ownership of corporations] of the Community Charter;

(f) a corporation incorporated by a regional district under section 265 [inspector approval required for incorporation or acquisition of corporations] of the Local Government Act;

(g) a corporation that is a reporting issuer or reporting issuer equivalent within the meaning of the Business Corporations Act;

(h) a corporation that is listed on a designated stock exchange within the meaning of section 248 (1) of the Income Tax Act (Canada);

(i) a corporation incorporated or continued by an enactment;

(j) a water utility within the meaning of the Water Utility Act;

(k) a designated airport authority within the meaning of the Airport Transfer (Miscellaneous Matters) Act (Canada);

(l) a port authority within the meaning of the Canada Marine Act (Canada);

(m) an independent school within the meaning of the Independent School Act;

(n) a strata corporation within the meaning of the Strata Property Act;

(o) a savings institution;

(p) an insurance company;

(q) a trust company;

(r) a pension fund society within the meaning of the Pension Fund Societies Act;

(s) a corporation owned by an Indigenous nation;

(t) a wholly owned subsidiary, within the meaning of the Business Corporations Act, of a corporation to which any of paragraphs (a) to (s) of this section apply.

Schedule 2

(Note: see section 1, definition of "relevant trust")

Excluded Trusts

Exclusions under paragraph (d) of definition of "relevant trust"

1   The following are not relevant trusts:

(a) a charitable trust;

(b) a testamentary trust;

(c) an alter ego trust or joint spousal or common-law partner trust within the meaning of the Income Tax Act (Canada);

(d) a trust the trustee of which is the Public Guardian and Trustee;

(e) a trust the trustee of which is an administrator of an estate;

(f) a trust in respect of a pension plan registered under

(i) a pension enactment of British Columbia, or

(ii) the pension legislation of another province or Canada;

(g) a trust in respect of a pooled registered pension plan within the meaning of the Pooled Registered Pension Plans Act;

(h) a trust in respect of which each beneficiary is an Indigenous nation;

(i) property vested in a person licensed or appointed under the Bankruptcy and Insolvency Act (Canada);

(j) a mutual fund trust within the meaning of the Income Tax Act (Canada);

(k) a SIFT trust within the meaning of the Income Tax Act (Canada).