The administrative monetary penalty regime will not come into force immediately upon royal assent. There will have to be an order in council, followed by regulations. This is not a power that I will be able to use right away. The other mechanisms in the bill will also be very useful for dealing with entities like Air Canada, whether for compliance agreements or orders. The implementation of administrative monetary penalties will follow the implementation of an order in council and the adoption of regulations.
On June 16th, 2023. See this statement in context.