The white paper is the latest stage in the review of the existing legislation. The review began with a letter to stakeholders seeking input in 2009, followed by a discussion paper in 2011 seeking comment from the general public.
The draft legislation aims to keep the language of the Act “simple and straightforward, so that it could be effectively used by all participants in the non-profit sector, including those without legal counsel. The proposed legislation in the White Paper has been drafted with these concerns in mind. The draft adopts a user-friendly drafting style that tries to minimize cross-references and subject to clauses. More frequently used provisions have been moved to the beginning of the Act, with the more complicated and rarely used processes (such as corporate re-organizations and legal remedies) placed nearer to the end.”
The deadline for feedback is end of day October 15, 2014. Email comments may be sent to [email protected]. Paper comments may be sent to:
Financial and Corporate Sector Policy Branch
Ministry of Finance
PO Box 9418 Stn Prov Govt
Victoria BC, V8W 9V1