New Regulatory Provisions under the General Regulation 113/91 of the Mining Act – interest rates and receipt of electronic documents.
Bill or 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.
December 30, 2010
Comments Due Date:
February 12, 2011
Ministry of Northern Development, Mines and Forestry
Room 5630 Whitney Block
99 Wellesley St. W.