Proposal

New Regulatory Provisions under the General Regulation 113/91 of the Mining Act – interest rates and receipt of electronic documents.

Regulation Number(s):
NA
Bill or Act:
Mining Act
Summary of Proposal:
• The Ministry proposes to prescribe the interest rate owing on overdue accounts and the time of receipt of documents submitted by electronic means.
• Sections of the Act for which the interest rate is required to be prescribed include: 41(2.1), 81(9.1), 82(4.2), 84(4.1) and 199(1).
• Section 17 of the Act requires a regulation to establish the time when electronically transmitted documents are deemed to have been received.
Further Information:
Proposal Number:
10-MNDMF006
Posting Date:
December 30, 2010
Comments Due Date:
February 12, 2011
Contact Address:
Ministry of Northern Development, Mines and Forestry
Room 5630 Whitney Block
Queens Park
99 Wellesley St. W.
Toronto ON
M7A 1W3