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Finance committee Thank you, Mr. Chair. In the budget the government committed to ensure that government institutions are aligned to best support infrastructure innovation by transferring responsibility for PPP Canada to the Minister of Infrastructure and Communities. Currently PPP Canada is a su
May 30th, 2016Committee meeting
Heather Sheehy
Finance committee My apologies; the translation cut out. Could you repeat your question? I apologize.
May 30th, 2016Committee meeting
Heather Sheehy
Finance committee It was already under the provisions of the Financial Administration Act.
May 30th, 2016Committee meeting
Heather Sheehy
Finance committee This simply transfers it from the Minister of Finance over to the Minister of Infrastructure and Communities.
May 30th, 2016Committee meeting
Heather Sheehy
Finance committee I can start. This proposed legislation does not change anything with respect to PPP, other than moving it from the Minister of Finance's portfolio over to the Minister of Infrastructure and Communities' portfolio. It does not make any other changes. It maintains the same govern
May 30th, 2016Committee meeting
Heather Sheehy
Finance committee Currently, as a subsidiary of CDIC, these types of changes that are in this legislation could be done by order in council. This transfers and preserves that exact same governance structure when it moves over to the Minister of Infrastructure and Communities. It does not propose a
May 30th, 2016Committee meeting
Heather Sheehy
Finance committee The FAA currently already provides this for subsidiaries. In order to have the exact mirroring of the same governance structure it has with the Minister of Finance when it is with the Minister of Infrastructure and Communities, you need to include these clauses in the legislation
May 30th, 2016Committee meeting
Heather Sheehy
Finance committee It's in the FAA already for subsidiaries that these types of things can be changed by order in council. As it's changed over to the Minister of Infrastructure and Communities, it has been added into the legislation to mirror the same governance.
May 30th, 2016Committee meeting
Heather Sheehy
Finance committee In order for, again, the shares to transferred, this is technical language that needs to be included in legislation, and then that transfer can happen. It allows for it to happen; it doesn't actually make the change.
May 30th, 2016Committee meeting
Heather Sheehy
Finance committee Previously, PPP Canada was a subsidiary of the Canada Development Investment Corporation. It was a subsidiary; now it will be its own parent crown. They're both crowns, but one is a subsidiary crown and the other is now a parent crown.
May 30th, 2016Committee meeting
Heather Sheehy
Finance committee Correct.
May 30th, 2016Committee meeting
Heather Sheehy
Finance committee It strengthens alignment between the crown corporation's activities and the expertise and activities of the Office of Infrastructure of Canada, but there should be no other changes in terms of Minister Sohi's ministry.
May 30th, 2016Committee meeting
Heather Sheehy
Finance committee I'll start and then maybe my colleague can add to it. In the 2012 Jobs, Growth and Long-term Prosperity Act there is a small provision, as you have mentioned, with respect to PPP Canada. That's where the changes in this legislation are being proposed. PPP Canada was set up by or
May 30th, 2016Committee meeting
Heather Sheehy
Public Safety committee Heather Sheehy, director of operations at the machinery of government, Privy Council Office.
November 1st, 2016Committee meeting
Heather Sheehy
Public Safety committee Yes. The word is used elsewhere in the bill, and we would have to go and see whether or not there would be implications for where it's used elsewhere in the bill.
November 29th, 2016Committee meeting
Heather Sheehy