Financial Administration Act

Marginal note:Exemption for Bank of Canada

• 85 (1) Divisions I to IV, except for sections 131.1 and 154.01, do not apply to the Bank of Canada.

• Marginal note:Exempted Crown corporations

  (1.1) Divisions I to IV, except for subsection 105(2) and sections 113.1, 119, 131 to 148 and 154.01, do not apply to the Canada Council for the Arts, the Canadian Broadcasting Corporation, the International Development Research Centre or the National Arts Centre Corporation.

• Marginal note:Exemption for Telefilm Canada

  (1.2) Divisions I to IV, except for subsection 105(2) and sections 113.1, 119, 131 to 148 and 154.01 and subject to subsection 21(2) of the Telefilm Canada Act, do not apply to Telefilm Canada.

• Marginal note:Idem

  (2) Divisions I to V do not apply to any Crown corporation incorporated or acquired, with the written authorization of the appropriate Minister,

  • (a) by or on behalf of the Royal Canadian Mounted Police for the purpose of performing its functions under the laws of Canada; or

  • (b) by or on behalf of any service established by an Act of Parliament to collect information and intelligence respecting the security of Canada.

• Marginal note:Exemption for federal member institution

  (2.1) Divisions I to IV do not apply to a member institution, as defined in section 2 of the Canada Deposit Insurance Corporation Act, any shares of which are held by the Canada Deposit Insurance Corporation as the result of the granting of an exemption referred to in section 10.01 of that Act.

• Marginal note:Idem

  (3) Divisions I to IV do not apply to

  • (a) a federal member institution, within the meaning assigned to that expression by section 2 of the Canada Deposit Insurance Corporation Act, the shares of which have been vested in the Canada Deposit Insurance Corporation by order of the Governor in Council under section 39.13 of that Act; or

  • (b) to the Canada Deposit Insurance Corporation, as a parent Crown corporation in respect of a wholly-owned subsidiary that is a federal member institution described in paragraph (a).

• Marginal note:Exemption — bridge institution

  (4) Sections 88 and 89.2 to 104 and Divisions II to IV do not apply to

  • (a) a bridge institution, as defined in section 2 of the Canada Deposit Insurance Corporation Act; or

  • (b) the Canada Deposit Insurance Corporation, as a parent Crown corporation in respect of a wholly-owned subsidiary that is a bridge institution.