Industry committee  There is nothing in the act that requires the minister to disclose information about the information that wasn't disclosed. It's not part of the act. There is a requirement for an annual report under the act, but it doesn't include the national security provisions.

Industry committee  I'm not sure. This is about prejudice to business in an order issued by the Governor in Council. The minister has the decision to make to be satisfied that it would be prejudicial and shouldn't be disclosed. It's not the investor or the Canadian business that decides. They have a

Industry committee  I don't think the act deals with intentional or unintentional. This is a method by which a business could be acquired.

Industry committee  The national security review process goes through the Governor in Council at two stages. First, to order a review if the Minister of Industry makes a recommendation based on consultation with the Minister of Public Safety. Second, if there is a review, the Governor in Council has

Industry committee  It could be an order to divest what a foreign entity had acquired, yes.

Industry committee  The provision in the act to which you're referring is related to the disclosure of information in a Governor in Council order. At the end of the national security review process, the Governor in Council can make an order. The act provides for a variety of different types of thing

Industry committee  Right now there's no notification for it under the act. These changes would provide for a notification and then we would start to get information and have a sense of the scope of those transactions. We know that is a manner in which a Canadian business can be acquired. I can't sa

Industry committee  Thank you, Mr. Chair. Hello. I am the Director General of the Investment Review Division at Industry Canada. I am here to speak to division 9 which contains amendments to the Investment Canada Act. These changes are found at clauses 186 to 190. The first amendment in clause 1