Atlantic Fisheries Restructuring Act

Marginal note:Definitions

2 In this Act,

Atlantic Fisheries

Atlantic Fisheries means all the activities relating to the harvesting, processing and marketing of fish in the Provinces of Quebec, Nova Scotia, New Brunswick, Prince Edward Island and Newfoundland and Labrador and in the fishing zones of Canada, as defined pursuant to subsection 4(1) of the Territorial Sea and Fishing Zones Act, on the Atlantic coast of Canada; (secteur des pêches)

control

control, in respect of a body corporate, means

• (a) control in any manner that results in control in fact, whether directly through the ownership of shares, stocks, equities or securities or indirectly through a trust, a contract, the ownership of shares, stocks, equities or securities of another body corporate or otherwise, or

• (b) the ability to appoint, elect or cause the appointment or election of a majority of the directors of the body corporate, whether or not that ability is exercised; (contrôle)

fishery enterprise

fishery enterprise means any person that is engaged directly or indirectly in, or controls or is controlled by a person that is engaged directly or indirectly in, the Atlantic Fisheries; (entreprise)

Minister

Minister means the Minister of Fisheries and Oceans; (ministre)

person

person includes an individual, a body corporate, a partnership, an association, a trust, a cooperative and any trustee or legal representative thereof; (personne)

restructuring

restructuring, in respect of a fishery enterprise, includes the reorganization, refinancing, modernization, rationalization and expansion of the enterprise, and any similar activity directed toward improving the economic performance of the enterprise. (restructuration)