I totally concur with you that the implementation of the policy doesn't mean much for certain first nations if there's not overall adequate funding. It all depends upon what the circumstance is.
Sometimes it's just a lack of governance. It's not necessarily the lack of funding whereby there has been a breakdown. Every third party management situation, if you take just that element of the policy, has different circumstances.
That being said, where it's related to financial insolvency and a lack of appropriate financial management and administration, your point is correct, whereby if you don't have sufficient band support funding or if there's insufficient capacity development dollars.... For example, we have a very small budget at Indigenous and Northern Affairs for professional and institutional development, to provide some money to those first nations to help them with their management action plan, but it's just to help them and it's not sustainable. If they don't have sufficient band support funding overall, then there is a likelihood, particularly for those first nations that don't have own source revenues to cover those deficits, to borrow from others.
This is where the minister has instructed us to engage with central agencies about—