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An Act to amend the Canada Labour Code, the Canada Student Financial Assistance Act, the Canada Student Loans Act and the Public Service Employment Act (S.C. 2008, c. 15)

Assented to 2008-04-17

Marginal note:1994, c. 28

CANADA STUDENT FINANCIAL ASSISTANCE ACT

2. The Canada Student Financial Assistance Act is amended by adding the following after section 8:

Marginal note:Agreement to pay interest

  • 9. (1) The Minister may enter into an agreement with a lender respecting the payment of interest — or a province respecting the payment of interest on provincial student loans — by borrowers who are referred to in a regulation that is made under paragraph 15(k) or (k.2).

  • Marginal note:Payment on behalf of reservist

    (2) If there is no agreement, the Minister may pay the interest on behalf of those borrowers.

Marginal note:Personal information

9.1 Personal information as defined in section 3 of the Privacy Act — that is under the control of a government institution as defined in that section — shall, on request, be made available to the Minister for the purposes of a regulation that is made under paragraph 15(k), (k.1), (k.2) or (k.3).

3. Section 15 of the Act is amended by adding the following after paragraph (j):

  • (k) respecting the circumstances in which no interest is payable by members of the reserve force in respect of their student loans;

  • (k.1) respecting the circumstances in which no fees may be charged to members of the reserve force on their student loans;

  • (k.2) respecting the circumstances in which no amount on account of principal or interest is required to be paid by members of the reserve force in respect of their student loans;

  • (k.3) respecting the payment of interest under subsection 9(2);

Marginal note:R.S. c. S-23

CANADA STUDENT LOANS ACT

4. The Canada Student Loans Act is amended by adding the following after section 5:

Marginal note:Agreement to pay interest

  • 5.1 (1) The Minister may enter into an agreement with a lender respecting the payment of interest — or a province respecting the payment of interest on provincial student loans — by borrowers who are referred to in a regulation that is made under paragraph 17(s.1) or (s.2).

  • Marginal note:Payment on behalf of reservist

    (2) If there is no agreement, the Minister may pay the interest on behalf of those borrowers.

Marginal note:Personal information

5.2 Personal information as defined in section 3 of the Privacy Act — that is under the control of a government institution as defined in that section — shall, on request, be made available to the Minister for the purposes of a regulation that is made under paragraph 17(s.1), (s.2) or (s.3).