Interpretation

1 In these Regulations, Act means the Canadian Wheat Board Act. (Loi)

Authorization

• 2 (1) Subject to subsections (2) and (3), the Corporation may deduct an amount from any amount it receives in the course of its operations under the Act and credit the amount so deducted to the contingency fund established under paragraph 6(1)(c.3) of the Act, including

  • (a) any amount referred to in subsection 8(1) or section 33.01 of the Act;

  • (b) payments received from grain sold during a pool period;

  • (c) interest that accrues in respect of sales of grain on credit; and

  • (d) gains from the activities of the Corporation under section 39.1 of the Act.

• (2) The Corporation may not make a deduction of an amount referred to in subsection (1) if, as a result of the deduction, a loss would be paid out of moneys provided by Parliament under subsection 7(3) of the Act.

• (3) The Corporation may not deduct an amount referred to in subsection (1) and credit it to the contingency fund if, as a result of the credit, the balance of the fund would exceed $60,000,000.

Coming into Force

3 These Regulations come into force on the day on which they are registered.