The number of corporations that may choose to have a beneficial owner in place would require each of them to seek an affidavit from all those individuals. In our view, this provision was deemed administratively burdensome.
November 20th, 2018 / 1:10 p.m.
Director General, Marketplace Framework Policy Branch, Strategy and Innovation Policy Sector, Department of Industry
The number of corporations that may choose to have a beneficial owner in place would require each of them to seek an affidavit from all those individuals. In our view, this provision was deemed administratively burdensome.
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