BILL NO. 90

(as introduced)

2nd Session, 63rd General Assembly
Nova Scotia
68 Elizabeth II, 2019

 

Government Bill

 

Boxing Authority Act
(amended)

 

The Honourable Leo Glavine
Minister of Communities, Culture and Heritage

First Reading: March 1, 2019

(Explanatory Notes)

Second Reading: March 5, 2019

Third Reading: March 15, 2019 (LINK TO BILL AS PASSED)

Explanatory Notes

Clause 1 removes the requirement for salaries and expenses of the Nova Scotia Boxing Authority to be paid from the General Revenue Fund.

Clause 2 confirms the current practice whereby the Authority uses revenue it receives to pay for expenses incurred and payable by the Authority in carrying out the provisions of the Act and regulations.

Clause 3 sets out the fiscal year and financial reporting requirements of the Authority.

Clause 4 adds to the regulation-making powers of the Governor in Council with respect to books of account, records, audits, budgets and business plans.

An Act to Amend Chapter 43
of the Revised Statutes, 1989,
the Boxing Authority Act

Be it enacted by the Governor and Assembly as follows:

1 Subsection 4(3) of Chapter 43 of the Revised Statutes, 1989, the Boxing Authority Act, is repealed.

2 Section 6 of Chapter 43 is repealed and the following Section substituted:

6 (1) The Authority shall maintain in its own name one or more accounts in any bank.

(2) The revenue of the Authority from any source must be

(a) retained by the Authority;

(b) deposited in an account established under subsection (1); and

(c) used by the Authority to carry out its objects or to promote safety in combat sport.

3 Section 8 of Chapter 43 is repealed and the following Section substituted:

8 (1) The fiscal year of the Authority is from April 1st to March 31st in the following year.

(2) The Authority shall keep such books of account and records in the form and including such content as may be prescribed by the regulations.

(3) The accounts of the Authority must be audited annually as prescribed by the regulations.

(4) The Authority shall prepare and submit to the Minister an annual budget as prescribed by the regulations.

(5) The Authority shall submit to the Minister such business plans as may be prescribed by the regulations.

4 Section 10 of Chapter 43, as amended by Chapter 8 of the Acts of 2017, is further amended by adding immediately after clause (a) the following clauses:

(aa) prescribing the form and content of the books of account and records to be kept by the authority;

(ab) respecting the auditing of the Authority;

(ac) prescribing the requirements for the preparation and submission of the Authority's annual budget;

(ad) respecting business plans for the Authority;

 

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