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Industry committee  Yes, I'm happy to do that. With respect to the CPPA, currently in the drafting, the Privacy Commissioner would have the ability to recommend administrative monetary penalties up to $10 million or 3% of global revenue, whichever is higher. The act also specifies a number of specific offences for egregious contraventions of the act, which carry higher penalties of up to $25 million or 5% of global revenues, whichever is higher.

October 17th, 2023Committee meeting

Samir Chhabra

Agriculture committee  Thank you, Mr. Chair. I'm happy to speak to this issue. I think that generally when making adjustments to marketplace frameworks, including bankruptcy and insolvency, it's wise to give time to all participants in the marketplace to make adjustments. In this perspective, it would give participants in the fresh produce market time to adjust to the new deemed trust provisions and provide time for regulations that prescribe the forms to be developed and put in place.

June 21st, 2023Committee meeting

Samir Chhabra

Agriculture committee  Thank you for the question, Mr. Chair. There's no kind of standard approach in bankruptcy and insolvency policy or legislation. It is generally case-by-case, so the committee does have the opportunity to think about what might be most appropriate in this circumstance. I'll just reiterate that it is about providing some marketplace certainty, to give both creditors and fresh produce marketplace participants time to adjust and, as well, to give government the time to put in place the regulations and prescribe the manner and form in which these will take place.

June 21st, 2023Committee meeting

Samir Chhabra