Yes, they're all good questions, for sure.
When it comes to the charity sector, it's empowered by the Income Tax Act, and it really is a use of taxpayer money by way of charity tax credits given to donors. These are funds that could be used in other ways, if not given as tax credits to the foundations.
The Income Tax Act already dictates how charities are to operate, what they can do, what they cannot do, who they can give money to, who's a qualified donee, who is a registered charity, etc. I don't think we are really imposing any new requirements with this new sector fund.