The act does not contain a definition, as the intention was to allow the term to have its ordinary-course meaning in the timeframe that we're in. It can evolve. It can evolve to contemplate what is considered financial literacy and meet the needs of Canadians as we find them now, as we might find them five years from now, or as we might find them 10 years from now.
The other, more technical reason is that it doesn't require the financial literacy leader over time to say, “Could I speak to that stakeholder, collaborate with that stakeholder? Am I technically within this definition?” That's part of what a government agency would always do. If it had a definition, it would try to make sure it stayed within the confines of the definition. A more expansive approach is to have the bill as it is currently drafted.