NRGO Committee Meeting

Meeting No. 70

Thursday, May 6, 1999

The Standing Committee on Natural Resources and Government Operations met at 11:08 a.m. this day, in Room 705, La Promenade Building, the Chair, Brent St. Denis, presiding.

Members of the Committee present: Réginald Bélair, Gerry Byrne, Roy Cullen, John Duncan, Tony Ianno, Marlene Jennings, Carolyn Parrish, Carmen Provenzano, Werner Schmidt and Brent St. Denis.

Acting Members present: Pierrette Venne for Pierre de Savoye; Rick Borotsik for Gilles Bernier; Gordon Earle for Yvon Godin; John Williams for Dave Chatters; Ivan Grose for Reginald Bélair; Denis Coderre for Ben Serré; Randy White for Werner Schmidt; Paul Forseth for John Duncan and Derek Lee for Denis Coderre.

In attendance: From the Library of Parliament: June Dewetering Research Officer.

Witnesses: From Treasury Board Secretariat: Sharon Hamilton, Assistant Secretary, Pension Division; Bryce Peacock, Director, Pension Financial Analyst, Pensions Division; Joan Arnold, Director - Pension Legislation Development, Pensions Division.

Pursuant to the Order of Reference of the House dated Monday, April 26, 1999, the Committee resumed consideration of Bill C-78, Public Sector Pension Investment Board Act.

Marlene Jennings moved - That the Committee approve a budget submission in the amount of $10,000.00 for witnesses in relation to Bill C-78.

John Williams moved, - That the motion be amended by adding the words "interim expenditures for" after the word for and before the word witnesses.

After debate the motion as amended was adopted.

John Williams raised a point of order questioning whether proper notice had be given for this meeting.

The Chair ruled that proper notice had been given. The Chair's decision was sustained by the Members.

The Committee proceeded to Clause-by-Clause consideration of the Bill.

Consideration of Clause 1 was postponed.

Clause 2 to 8 carried, after debate, on a recorded division.

John Williams moved, - That Bill C-78, in Clause 9, be amended by replacing lines 12 and 13 on page 6 with the following:

"tion of the Minister, to hold office during pleasure for the term, not exceeding three"

After debate the amendment was negatived on a recorded division.

Clause 9 carried

Clause 10 carried on a recorded division.

John Williams moved, - That Bill C-78, in Clause 11, be amended by deleting lines 6 and 7 on page 8.

After debate the amendment was negatived on a recorded division.

John Williams moved, - That Bill C-78, in Clause 11, be amended by replacing line 12 on page 8 with the following:

"pointed, but no longer than two months."

Pierrette Venne moved, - That the amendment of John Williams be amended by changing the word "two" to "three".

After debate the sub-amendment was negatived on a recorded division.

The amendment was negatived on a recorded division.

Clause 11 carried on a recorded division.

Clauses 12 and 13 carried, after debate, on a recorded division.

John Williams moved, - That Bill C-78, in Clause 14, be amended by replacing lines 38 to 40 on page 8 with the following:

"office during pleasure."

After debate the amendment was negatived on a recorded division.

Clause 14 carried on a recorded division.

Clauses 15, 16 and 17 carried, after debate, on a recorded division.

John Williams moved, - That Bill C-78, in Clause 18, be amended

(a) by replacing line 31 on page 10 with the following:

"18. (1) The Board shall purchase and"

(b) by deleting lines 43 to 46 on page 10 and lines 1 to 3 on page 11.

After debate the amendment was negatived on a recorded division.

Clause 18 carried on a recorded division.

Clauses 19 to 23 carried, after debate, on a recorded division.

John Williams moved, - That Bill C-78, in Clause 24, be amended by adding after line 24 on page 14 the following:

"(c.1) respecting procedures for the identification of real or potential conflicts of interest and procedures to resolve those conflicts;"

After debate the amendment was negatived on a recorded division.

Clause 24 carried on a recorded division.

Clauses 25 to 34 carried, after debate, on a recorded division.

John Williams moved, - That Bill C-78, in Clause 35, be amended by replacing line 11 on page 18 with the following:

"be conducted at least once every year, in respect of itself and each of"

After debate the amendment was negatived on a recorded division

Clause 35 carried on a recorded division.

Clauses 36 to 38 carried, after debate, on a recorded division.

John Williams moved, - That Bill C-78, in Clause 39, be amended by replacing line 19 on page 21 with the following: "(iii) is resident in Canada, and"

After debate the amendment was negatived on a recorded division.

Clause 39 carried on a recorded division.

Clauses 40 to 44 carried on a recorded division.

John Williams moved, - That Bill C-78, in Clause 45, be amended by adding after line 35 on page 24 the following:

"(1.1) a copy of every report of an examiner shall be kept at the head office of the Board. Anyone is entitled, during the usual business hours of the Board, to examine the report and, on payment of a reasonable fee, to make copies of or take extracts from them."

After debate the amendment was negatived on a recorded division.

Clause 45 carried on a recorded division.

Clause 46 carried, after debate, on a recorded division.

John Williams moved, - That Bill C-78, in Clause 47, be amended by adding after line 17 on page 25 the following:

"(2) The Board shall make available to the public the quarterly financial statements prepared in accordance with subsection 35(6) within 30 days after the end of the three-month period to which they relate."

After debate the amendment was negatived on a recorded division.

Clause 47 carried on a recorded division.

Clauses 48 to 94 carried.

John Williams moved, That Bill C-78, in Clause 95, be amended by replacing line 31 on page 75 with the following:

"tion (10) shall be debited in equal annual instalments"

After debate the amendment was negatived on a recorded division.

Clause 95 carried on a recorded division.

John Williams moved, - That Bill C-78, in Clause 96, be amended by replacing line 43 on page 80 with the following:

"45, is greater"

Clause 96 carried on a recorded division.

Clauses 97 to 117 carried, after debate, on a recorded division.

Tony Ianno moved, - That Bill C-78, in Clause 118, be amended by replacing line 20 on page 99 with the following:

"is required by subsections 5(1) and"

After debate the amendment carried on a recorded division.

Clause 118, as amended, carried on a recorded division.

Clauses 119 to 150 carried, after debate, on a recorded division.

Tony Ianno moved, That Bill C-78, in Clause 152, be amended by replacing line 2 on page 133 with the following:

After debate the amendment carried on a recorded division.

Clause 152 as amended carried on a recorded division.

Clauses 153 to 171 carried, after debate, on a recorded division.

Tony Ianno moved, That Bill C-78, in Clause 172, be amended by replacing line 17 on page 147 with the following:

Clause 172 carried on a recorded division.

John Williams moved, - That the Committee adjourn to allow Members to attend Question Period.

After debate the motion was negatived by a show of hands.

Clauses 173 to 197 carried, after debate, on a recorded division.

At 2:04 p.m. the sitting was suspended.

At 2:24 p.m. the sitting resumed.

John Williams moved, - That Bill C-78, in Clause 198, be amended by replacing line 4 on page 181 with the following:

"tion (10) shall be debited in equal annual instalments"

After debate the amendment was negatived on recorded division.

Clause 198 was carried on a recorded division.

Tony Ianno moved, - That Bill C-78, in Clause 199, be amended by replacing lines 5 and 6 on page 184 with the following:

After debate the amendment was carried on a recorded division.

Clause 199 as amended carried on a recorded division.

Clause 200 to 231 carried after debate on a recorded division.

Clause 1 carried on a recorded division.

Gerry Byrne
Roy Cullen
Ivan Grose
Tony Ianno
Marlene Jennings
Derek Lee
Carolyn Parrish
Carmen ProvenzanoThe Title carried on a recorded division.

The Bill, as amended, carried on a recorded division.

It was agreed, on a recorded division, - That the Chair Report Bill C-78, as amended, to the House.

At 2:37 p.m., the Committee adjourned to the call of the Chair.

Richard Rumas

Clerk of the Committee