O.C. 336/2014

July 23, 2014

A.R. 157/2014

July 24, 2014


            The Lieutenant Governor in Council makes the Feeder Associations Guarantee Amendment Regulation set out in the attached Appendix.

For Information only

Recommended by:          Minister of Agriculture and Rural Development

Authority:                           Feeder Associations Guarantee Act
                                             (section 11)


 

APPENDIX

Feeder Associations Guarantee Act

FEEDER ASSOCIATIONS GUARANTEE
AMENDMENT REGULATION

1   The Feeder Associations Guarantee Regulation (AR 13/2012) is amended by this Regulation.

 

2   Section 31 is amended

                               (a)    by repealing subsection (1) and substituting the following:

Maximum amount of total monetary obligations

31(1)  No feeder association shall supply livestock to a feeder member if the feeder member’s total monetary obligation, excluding advances, exceeds

                                       (a)    in the case of an individual, $1 000 000,

                                       (b)    in the case of a joint membership, $1 000 000, and

                                       (c)    in the case of a corporation, partnership or joint venture, the amount allocated under subsection (2) or (3) by its active shareholders or active members, to a maximum of $3 000 000.

                               (b)    in subsection (2) by striking out “subsection (1)(a)(i) or (ii)” and substituting “subsection (1)(a)”;

                               (c)    in subsection (3) by striking out “subsection (1)(b)(i) or (ii)” and substituting “subsection (1)(b)”;

                               (d)    in subsection (6) by striking out “subsection (1)(a)(i) or (ii)” and substituting “subsection (1)(a)”;

                               (e)    in subsection (7) by striking out “subsection (1)(b)(i) or (ii)” and substituting “subsection (1)(b)”.