The problem with the legislation as currently drafted--and it could be fixed by amendment, I would think--is that it doesn't give the minister the power to impose any governance requirements on the regulatory body. It allows for the minister to require documents, but doesn't allow for the minister to.... And for sure, those would be done by regulation, but if you don't have the power to create a regulation that requires the body to have annual meetings, then you can't create that power by regulation--
On October 25th, 2010. See this statement in context.