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(Consolidated up to 13/2016)


Child, Youth and Family Enhancement Act


Table of Contents

                1      Definition

                2      Administration of refunds

                3      Lapsing of obligation to pay

                4      General Revenue Fund

                5      Expiry


1   In this Regulation, “beneficiary” means a child or youth referred to in section 128.1 of the Act.

Administration of refunds

2(1)  The Trustee Act does not apply to the director in the administration of the refunds held by the director under section 128.1 of the Act.

(2)  The director may expend the refund paid to a beneficiary in any manner the director considers appropriate.

(3)  The director may be a depositor in the Consolidated Cash Investment Trust Fund.

(4)  Interest is payable on refunds not expended before June 1, 2006.

(5)  Commencing June 1, 2006, the annual interest rate is the annual rate of return earned by the Consolidated Cash Investment Trust Fund.

(6)  If the amount of accrued interest at the time that the refund is to be expended is less than $10, interest is not required to be paid.

Lapsing of obligation to pay

3   Where the director is unable to expend a refund and interest, if any, in respect of a beneficiary, because the beneficiary cannot be located, the director’s obligation to expend the refund lapses 2 years after the beneficiary attains 18 years of age.

General Revenue Fund

4   Money deposited in the Consolidated Cash Investment Trust Fund under this Regulation, including any accrued interest, that is not expended after having complied with section 3 shall be deposited in the General Revenue Fund.


5   For the purpose of ensuring that this Regulation is reviewed for ongoing relevancy and necessity, with the option that it may be repassed in its present or an amended form following a review, this Regulation expires on December 31, 2025.

AR 47/2006 s5;13/2016