Thank you, Mr. Chairman.
This is the advantage of having a lot of the amendments proposed by different parties. They're all here before us.
With that, I look at NDP-15 and it's obviously very similar to both BQ-4.2 and CPC-8. It's more granular; I'll say it that way. With that, we won't be supporting BQ-4.2—or CPC-8, for that matter—because NDP-15 gets to that granularity.
As we discussed earlier, we think it's reasonable to give ports with less capacity and fewer resources some flexibility with this bill, but it gets a bit deeper than that, because it actually specifies that $20-million threshold, which seems like a very reasonable threshold. I'm going to ask the officials for their comments, perhaps, with respect to which ports would fall under that category.
At the same time, Mr. Chairman, we know that ports like Montreal, Vancouver and some of the other big ports that make well over $20 million have the capability—and I will add that it's $20 million per year—to produce reports on a quarterly timeline. Every 60 days is consistent with what we'd expect of private companies of a similar size, and I think it's a good idea to hold these ports to account.
We heard from witnesses and from the minister that regular financial reporting is important for ensuring our ports are responsible and well run. We have to remember that our ports are somewhat of an entity of the federal government, of Transport Canada, and therefore there can be liabilities that the department may be exposed to. With that, this accountability is very important.
This amendment, Mr. Chairman, will make sure that reports stay regular and will give smaller ports an extra 30 days over larger ports, which should be pulling their weight and reporting already. With that, we will be supporting NDP-15 and not supporting BQ-4.2, or, for that matter, I'll even skip ahead to CPC-8, because we feel that NDP-15 will suffice in terms of the intent of the direction that both of the others are taking.