The wording that is proposed in this amendment addresses the concern we had raised in respect of the different language between the bill, as it had been presented, and the language of the Cultural Property Export and Import Act. The transaction “fair cash offer” is the transaction that mirrors the current “fair cash offer” role of the Canadian Cultural Property Export Review Board in case of a disputed price. The term is “fair cash offer”. The change is from “fair market value” to “fair cash offer”, and the amendment addresses that.
On October 21st, 2010. See this statement in context.