Financial Administration Act (R.S.C., 1985, c. F-11)

Act current to 2016-08-15 and last amended on 2016-07-08. Previous Versions

Financial Administration Act

R.S.C., 1985, c. F-11

An Act to provide for the financial administration of the Government of Canada, the establishment and maintenance of the accounts of Canada and the control of Crown corporations

Short Title

Marginal note:Short title

 This Act may be cited as the Financial Administration Act.

  • R.S., c. F-10, s. 1.

Interpretation

Marginal note:Definitions

 In this Act,

appropriate Minister

ministre compétent

appropriate Minister means,

  • (a) with respect to a department named in Schedule I, the Minister presiding over the department,

  • (a.1) with respect to a division or branch of the federal public administration set out in column I of Schedule I.1, the Minister set out in column II of that Schedule,

  • (b) with respect to a commission under the Inquiries Act, the Minister designated by order of the Governor in Council as the appropriate Minister,

  • (c) with respect to the Senate and the office of the Senate Ethics Officer, the Speaker of the Senate, with respect to the House of Commons, the Board of Internal Economy, with respect to the office of the Conflict of Interest and Ethics Commissioner, the Speaker of the House of Commons, and with respect to the Library of Parliament and the Parliamentary Protective Service, the Speakers of the Senate and the House of Commons,

  • (c.1) with respect to a departmental corporation, the Minister designated by order of the Governor in Council as the appropriate Minister, and

  • (d) with respect to a Crown corporation, the appropriate Minister as defined in subsection 83(1); (ministre compétent)

appropriation

crédit

appropriation means any authority of Parliament to pay money out of the Consolidated Revenue Fund; (crédit)

Auditor General of Canada

vérificateur général

Auditor General of Canada means the officer appointed pursuant to subsection 3(1) of the Auditor General Act; (vérificateur général)

authorized agent

agent agréé

authorized agent means any person authorized by the Minister to accept subscriptions for or make sales of securities; (agent agréé)

Consolidated Revenue Fund

Trésor

Consolidated Revenue Fund means the aggregate of all public moneys that are on deposit at the credit of the Receiver General; (Trésor)

Crown corporation

société d’État

Crown corporation has the meaning assigned by subsection 83(1); (société d’État)

department

ministère

department means

  • (a) any of the departments named in Schedule I,

  • (a.1) any of the divisions or branches of the federal public administration set out in column I of Schedule I.1,

  • (b) a commission under the Inquiries Act that is designated by order of the Governor in Council as a department for the purposes of this Act,

  • (c) the staffs of the Senate, House of Commons, Library of Parliament, office of the Senate Ethics Officer, office of the Conflict of Interest and Ethics Commissioner and Parliamentary Protective Service, and

  • (d) any departmental corporation; (ministère)

departmental corporation

établissement public

departmental corporation means a corporation named in Schedule II; (établissement public)

fiscal agent

agent financier

fiscal agent means a fiscal agent appointed under Part IV and includes the Bank of Canada; (agent financier)

fiscal year

exercice

fiscal year means the period beginning on April 1 in one year and ending on March 31 in the next year; (exercice)

Minister

ministre

Minister means the Minister of Finance; (ministre)

money

fonds

money includes negotiable instruments; (fonds)

negotiable instrument

effet de commerce

negotiable instrument includes any cheque, draft, traveller’s cheque, bill of exchange, postal note, money order, postal remittance and any other similar instrument; (effet de commerce)

non-certificated security

valeur sans certificat

non-certificated security includes a security for which no certificate is issued and a certificated security held within a security clearing and settlement system in the custody of a custodian or nominee; (valeur sans certificat)

parent Crown corporation

société d’État mère

parent Crown corporation has the meaning assigned by subsection 83(1); (société d’État mère)

public money

fonds publics

public money means all money belonging to Canada received or collected by the Receiver General or any other public officer in his official capacity or any person authorized to receive or collect such money, and includes

  • (a) duties and revenues of Canada,

  • (b) money borrowed by Canada or received through the issue or sale of securities,

  • (c) money received or collected for or on behalf of Canada, and

  • (d) all money that is paid to or received or collected by a public officer under or pursuant to any Act, trust, treaty, undertaking or contract, and is to be disbursed for a purpose specified in or pursuant to that Act, trust, treaty, undertaking or contract; (fonds publics)

public officer

fonctionnaire public

public officer includes a minister of the Crown and any person employed in the federal public administration; (fonctionnaire public)

public property

biens publics

public property means all property, other than money, belonging to Her Majesty in right of Canada; (biens publics)

registrar

agent comptable

registrar means a registrar appointed under Part IV and includes the Bank of Canada; (agent comptable)

securities

valeurs ou titres

securities means securities of Canada in certificated form or non-certificated securities of Canada, and includes bonds, notes, deposit certificates, non-interest bearing certificates, debentures, treasury bills, treasury notes and any other security representing part of the public debt of Canada; (valeurs ou titres)

security certificate

certificat de valeur

security certificate means a tangible certificate issued by or on behalf of Her Majesty representing part of the public debt of Canada; (certificat de valeur)

treasury bill

bon du Trésor

treasury bill means a bill in certificated form, or a non-certificated security, issued by or on behalf of Her Majesty for the payment of a principal sum specified in the bill to a named recipient or to a bearer at a date not later than twelve months after the date of issue of the bill; (bon du Trésor)

treasury note

billet du Trésor

treasury note means a note in certificated form, or a non-certificated security, issued by or on behalf of Her Majesty for the payment of a principal sum specified in the note to a named recipient or to a bearer at a date not later than twelve months after the date of issue of the note. (billet du Trésor)

  • R.S., 1985, c. F-11, s. 2;
  • R.S., 1985, c. 1 (4th Supp.), s. 25;
  • 1991, c. 24, s. 50(F);
  • 1992, c. 1, ss. 69, 143(E);
  • 1995, c. 17, s. 57;
  • 1999, c. 31, s. 98(F);
  • 2003, c. 22, s. 224(E);
  • 2004, c. 7, s. 8;
  • 2006, c. 9, s. 7;
  • 2015, c. 36, s. 125.
 
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