Hyperlawhypertext legal database Forgiveness of Debts and Obligations Regulation

269_92 Forgiveness of Debts and Obligations Regulation B.C.

· last amended 2024-07-15

Contents
s. 1 — Interpretation

In this regulation:

s. 1 — debt or obligation

debt or obligation means a debt or obligation to which section 18 of the Financial Administration Act applies;

s. 1 — forgivable amount

forgivable amount means the total amount of principal and interest, owing as a debt or obligation or part of a debt or obligation, to be forgiven;

s. 1 — Revenue Division

Revenue Division means the Revenue Division of the Ministry of Finance.

s. 2 — Approval of forgiveness of a debt or obligation

Subject to section 4, a forgivable amount set out in column 2 of the following table may be forgiven with the prior approval of a person listed in column 1 opposite that forgivable amount:

s. 3 — Repealed

Repealed. [B.C. Reg. 151/2012, s. 3.]

s. 4 — Forgiveness under other enactment
s. 4(1)

A debt or obligation to the government may be forgiven, in whole or in part, at any time with the approval of the Lieutenant Governor in Council.

s. 4(2)

Section 2 does not apply to a debt or obligation or a part of a debt or obligation to the extent that approval of forgiveness of the debt or obligation or part of the debt or obligation is given under another enactment.