Bill S-225 explained in plain English
An Act respecting the reorganization and privatization of Atomic Energy of Canada Limited
Federal Parliament bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Parliament of Canada snapshot for 40th Parliament, 3rd Session. MP vote breakdowns appear when the House of Commons publishes a recorded division export for that bill. Senate and House stage details include official debate/sitting links when LEGISinfo publishes them.
Our plain-language take, written for civic education.
Source: By PoliticalData.ca
Bill S-225 authorizes the reorganization and privatization of Atomic Energy of Canada Limited while requiring the federal government to retain 70% ownership, imposing restrictions on foreign control, and protecting employee pension rights.
Bill S-225 amends the Jobs and Economic Growth Act to set out rules for reorganizing and privatizing Atomic Energy of Canada Limited (AECL). The bill changes AECL's legal status from a Crown corporation (an agent of the Crown) to a regular corporation that can be privatized. The bill requires that the Minister of Natural Resources must keep ownership of at least 70% of AECL's voting shares, and non-residents cannot own more than one-third of voting shares. AECL must keep its head office in Canada, apply official languages laws to its operations, and a majority of its board of directors must be Canadian citizens. The bill also protects the pension rights of AECL employees who were contributing to the Public Service Superannuation Act and allows them to elect to continue under that pension plan. Finally, the bill makes changes to several other federal laws to remove references to AECL as a Crown corporation, including the Access to Information Act, the Financial Administration Act, the Federal-Provincial Fiscal Arrangements Act, and the Payments in Lieu of Taxes Act.
- Revokes AECL's status as a Crown corporation (agent of Her Majesty)
- Authorizes the Minister of Natural Resources to sell or dispose of AECL securities, subject to ownership restrictions
- Requires the Minister to retain ownership of at least 70% of AECL's voting shares and permits the sale of no more than 30%
- Restricts non-residents from owning more than one-third of AECL's voting shares (excluding the Minister's shares)
- Requires AECL to maintain its head office in Canada
- Requires AECL to apply the Official Languages Act to its staff and operations
- Requires a majority of AECL's board of directors to be Canadian citizens
- Allows AECL to issue and sell shares, subject to the ownership restrictions
- Protects pension rights for AECL employees who were contributing under the Public Service Superannuation Act and allows them to elect to continue under that plan
- Permits AECL employees who meet criteria to make an irrevocable election to continue receiving pension benefits under the Public Service Superannuation Act and Supplementary Retirement Benefits Act
- Removes AECL from several federal acts by amending the Access to Information Act, Financial Administration Act, Federal-Provincial Fiscal Arrangements Act, and Payments in Lieu of Taxes Act
- Repeals section 68.2 of the Access to Information Act (which had exempted AECL from access to information requirements)
- Removes AECL from the list of Crown corporations subject to certain federal financial and tax rules
- The federal government (specifically the Minister of Natural Resources), which retains majority ownership of AECL
- AECL (Atomic Energy of Canada Limited) and its shareholders
- Non-resident foreign investors, who are restricted from owning more than one-third of AECL's voting shares
- Employees of AECL who were contributors to the Public Service Superannuation Act, who have the option to maintain their pension benefits under that act
- Members of AECL's board of directors, who must include a majority of Canadian citizens
- Members of the public seeking access to AECL information, who may have greater access rights after privatization
- Provinces and municipalities in respect of tax and fiscal arrangements with AECL
- The Minister of Natural Resources must retain ownership of at least 70% of AECL's voting shares and cannot dispose of more than 30% (section 2140(2))
- Non-residents cannot own more than one-third of AECL's voting shares, other than those belonging to the Minister (section 2142(1)(e))
- AECL must not sell substantially all of its assets to any single person or group, or to non-residents, except as security for financing (section 2142(1)(a))
- AECL must apply the Official Languages Act to its staff and all its activities (section 2142(1)(b))
- AECL must maintain its head office in Canada (section 2142(1)(d))
- A majority of AECL's board of directors must be Canadian citizens (section 2142(1)(f))
- AECL and its shareholders and directors cannot adopt articles or by-laws inconsistent with the privatization requirements, and cannot apply for continuance in another jurisdiction (section 2143)
- AECL employees who were contributors to the Public Service Superannuation Act can elect, within one year of the bill coming into force, to continue under that pension plan (section 2144(1)(d))
- Any election by an AECL employee to continue pension benefits is irrevocable once made (section 2144(2))
- Proceeds from the sale or disposal of AECL assets, securities, or liabilities must be paid to the Receiver General (the federal treasury)
- The Official Languages Act continues to apply to AECL (section 2139(3))
- The bill received First Reading in the Senate on November 18, 2010
- The bill is currently at the committee stage in the Senate
- The specific date or dates of commencement of the bill's provisions will be fixed by Order in Council (Governor in Council) and are not specified in the bill
- AECL employees have one year from the coming into force of section 2144 to elect to continue under the Public Service Superannuation Act; after that period, the election window closes
- Elections by AECL employees to continue pension benefits are irrevocable once made
- Once privatized, AECL will no longer be listed in the Payments in Lieu of Taxes Act schedules and will be subject to regular corporate income taxation instead of the special payment-in-lieu-of-taxes rules that apply to Crown corporations
- Removal from the Federal-Provincial Fiscal Arrangements Act means AECL will no longer be treated as a Crown corporation for federal-provincial fiscal purposes
- Any proceeds from the sale of AECL shares or assets must be paid to the Receiver General (the federal treasury)
- The bill does not specify the value of shares to be sold or the expected revenue to the federal government
- Employees who continue under the Public Service Superannuation Act will have pension benefits funded according to the rules of that plan, though details on how costs will be allocated are to be determined by regulation
- Articles of amendment to AECL's corporate structure must include enforcement mechanisms for the ownership and control restrictions, which may include: filing of declarations, suspension of voting rights, forfeiture of dividends, refusal to issue or register shares held in violation, and sale of shares held contrary to restrictions with proceeds paid to the entitled person (section 2142(2))
- Directors of AECL and persons acting in similar capacities must comply with directives from the Governor in Council, and compliance is deemed to be in the best interests of AECL (section 2141(4))
- Violations of provisions requiring AECL not to sell substantially all assets to non-residents or to transfer control to non-residents could result in shares being sold and proceeds paid to the entitled party
- The bill text does not specify criminal penalties, fines, or other enforcement mechanisms beyond those that will be included in the articles of amendment
- The exact date or timeline for implementation of the privatization is not specified in the bill; it will be set by Order in Council (Governor in Council)
- The specific details of pension transition arrangements are not fully set out in the bill; they will be determined by regulations to be made by the Governor in Council on the recommendation of the President of the Treasury Board
- The bill does not specify what companies or investors might actually purchase AECL shares, if any
- The bill does not detail what happens to AECL's specific business operations, research programs, or facilities
- The bill does not specify the purchase price or valuation methodology for any share sales
- The regulatory framework for enforcing the restrictions on foreign ownership and asset sales is to be established in AECL's articles of amendment and supporting regulations, but specific enforcement mechanisms are not fully detailed in the bill itself
- The bill does not address potential implications for AECL's nuclear research, operations, or international agreements
- It is unclear how the restrictions on non-resident ownership will be verified and enforced in practice
Part 18 of this act is replaced with new sections (2137-2148) that authorize and set out the terms for AECL's reorganization and privatization, including ownership restrictions, operational requirements, and pension protections
Section 68.2 is repealed, removing the blanket exemption of AECL from access to information requirements. After AECL is privatized, access to information laws will apply to AECL as they would to any private company
AECL is removed from Part I of Schedule III, meaning AECL will no longer be listed as a Crown corporation subject to the financial administration rules that apply to federal Crown corporations
AECL is removed from Schedule I, ending its status under federal-provincial fiscal arrangements that apply to Crown corporations
AECL is removed from Schedule III, meaning AECL will no longer be subject to the special payment-in-lieu-of-taxes rules that apply to Crown corporations and will instead be subject to regular corporate taxation
Terms and procedures in this act (unless inconsistent with the privatization bill) will govern AECL as a regular corporation
The bill permits the Minister to sell AECL securities despite section 11 of this act, and amends section 11(2) to clarify that only Crown corporations (as defined in the Financial Administration Act) are agents of the Crown
Employees of AECL who were contributing under this act before the privatization can elect to continue receiving pension benefits under this act, subject to regulations to be made
Employees of AECL who were contributing under this act before the privatization can elect to continue receiving benefits under this act, subject to regulations to be made
Generated using AI from official bill text. Not legal advice. It is written by PoliticalData.ca for civic education, automatically checked and spot-reviewed before publishing.
Official textParliamentary Process
Bill S-225, concerning the reorganization and privatization of Atomic Energy of Canada Limited, successfully passed its first reading in the Senate on November 18, 2010, and was subsequently referred to committee and read a second time.
This record shows the procedural steps for Bill S-225, An Act respecting the reorganization and privatization of Atomic Energy of Canada Limited, in the Senate. The bill completed its first reading on November 18, 2010. It was then referred to a committee on March 8, 2011, and later underwent second reading on December 1, 2010. Major speeches related to the bill were made on December 8, 2010, March 2, 2011, and March 8, 2011.
The Senate introduced Bill S-225 for first reading and engaged in debates on various other legislative and societal issues.
On November 18, 2010, Bill S-225, concerning the reorganization and privatization of Atomic Energy of Canada Limited, was introduced in the Senate. This marked its first reading. The sitting also included debates on other matters, such as financial audits, the rights of migrant agricultural workers, tributes to former parliamentarians, Remembrance Day ceremonies, and discussions on bills related to consumer product safety, federal law harmonization with Quebec's civil law, and the impact of dementia. Questions were also raised regarding foreign affairs in Sudan, tobacco products, and financial aid for Haiti.
The Senate completed the second reading of Bill S-225, an act respecting the reorganization and privatization of Atomic Energy of Canada Limited, and referred it to committee.
This artifact describes the Senate's second reading stage for Bill S-225, which concerns the reorganization and privatization of Atomic Energy of Canada Limited. The second reading stage was completed on December 1, 2010. Following this, the bill was referred to a committee on March 8, 2011, and is currently under consideration by that committee. The record also notes major speeches were made on December 8, 2010, March 2, 2011, and March 8, 2011.
The Senate held a sitting on December 1, 2010, which included statements, routine proceedings, question period, and continued debates on several bills, with the debate on Bill S-225 regarding the reorganization and privatization of Atomic Energy of Canada Limited being suspended.
This document is a record of a Senate sitting on December 1, 2010. During this sitting, senators made statements to honour individuals and events, and conducted routine proceedings. The main focus related to Bill S-225 was the debate at the second reading stage. The debate on Bill S-225, An Act respecting the reorganization and privatization of Atomic Energy of Canada Limited, was suspended. Other debates included a bill to amend the Criminal Code regarding child protection (Bill S-204) and a bill concerning the governance of Canadian businesses during an emergency (Bill S-205). Question Period covered topics such as climate change policy, linguistic duality at the Pan American Games, the Harmonized Sales Tax in Quebec, the 2011 Census, and the tobacco control strategy. A Speaker's ruling on a point of order concerning committee proceedings was also delivered.
During the Senate's second reading debate on Bill S-225, Senator Hervieux-Payette advocated for the reorganization and partial privatization of Atomic Energy of Canada Limited (AECL) to secure its future and benefits to Canada, proposing a 70% government and 30% private sector ownership model, while other senators questioned the specifics of the proposal.
This Senate debate records the second reading of Bill S-225, An Act respecting the reorganization and privatization of Atomic Energy of Canada Limited. The sponsor of the bill, Senator Hervieux-Payette, spoke in favour of the bill, arguing that it is necessary to reorganize and privatize Atomic Energy of Canada Limited (AECL) to ensure its profitability and continued benefit to Canada. She emphasized the importance of AECL's contributions to Canada's international reputation, economy, medicine, and nuclear physics. The bill proposes a structure where the federal government would retain a 70% majority share, while the private sector would hold a 30% stake, including management of the corporation. This approach, she argued, would attract private capital, increase marketability, and ensure continued investment in research and development, while maintaining federal control over safety and employees' pensions. Concerns were raised by other senators regarding the proposed ownership structure, the sale of AECL, and the management of its research and commercial operations. The debate also touched upon the need for a secure supply of medical isotopes and the role of government in supporting the nuclear industry.
The Senate continued the second reading debate on Bill S-225 concerning the reorganization and privatization of Atomic Energy of Canada Limited, with further debate adjourned.
On December 8, 2010, the Senate continued its second reading debate on Bill S-225, An Act respecting the reorganization and privatization of Atomic Energy of Canada Limited. The debate on this bill was carried over to a future sitting. Other proceedings during this sitting included senators making statements on various topics, tabling of committee reports, and the introduction of new motions and inquiries. There were also question periods addressing issues like long-term disability benefits for Nortel employees, funding for CBC/Radio-Canada, support for families of deceased soldiers, and the F-35 aircraft purchase. Several other bills were also discussed or debated.
The Senate sat on March 2, 2011, to conduct routine proceedings, question period, and debate several bills, including Bill S-225 on the reorganization and privatization of Atomic Energy of Canada Limited, with the debate on S-225 being continued and then adjourned.
This Senate sitting on March 2, 2011, included routine proceedings, question period, and the consideration of various bills and inquiries. Notably, the debate on Bill S-225, concerning the reorganization and privatization of Atomic Energy of Canada Limited, was continued. The sitting also featured statements from senators on diverse topics, including the late Shahbaz Bhatti, congratulations to Senator Donald Oliver, the 2010 IAAF World Junior Championships, and the Canadian Volunteer Service Medal. Several reports were tabled, including those from the Standing Committee on Internal Economy, Budgets and Administration, and the Canada-Africa Parliamentary Association. Various questions were raised during Question Period on topics such as the Convention on Cluster Munitions, the Prime Minister's Office use, Nutrition North Canada, a national violence prevention strategy, and a CRTC appointment. The Senate also authorized committees to meet during sittings and adjournments, and debated multiple bills, including those concerning child pornography, criminal code amendments for fraud sentencing, maritime law enforcement, and electricity and gas inspection acts. The debate on Bill S-225 was adjourned, indicating it will be considered further.
During a Senate sitting on March 8, 2011, tributes were paid to former Senator Keith D. Davey, and Bill S-225, concerning the reorganization and privatization of Atomic Energy of Canada Limited, was read a second time and referred to committee, with debate focusing on the merits of reversing existing legislation that allows for AECL's restructuring.
This is a record of a Senate sitting that took place on March 8, 2011. The sitting included Senators' Statements, Routine Proceedings, Question Period, and Orders of the Day. A significant portion of the sitting was dedicated to paying tribute to the late Honourable Keith D. Davey, a former Senator. The Senate also heard reports on Canada's energy future, discussed Colorectal Cancer Awareness Month and Nutrition Month, and debated various bills and motions. Specifically for Bill S-225, "An Act respecting the reorganization and privatization of Atomic Energy of Canada Limited," the record shows it was read a second time and referred to committee. The debate on Bill S-225 focused on whether to reverse existing legislation allowing the restructuring and privatization of AECL, with arguments presented both for and against reopening the issue and concerns raised about the feasibility of a hybrid public-private ownership model.
On March 8, 2011, the Senate held tributes, debated various issues, and advanced several bills, including Bill S-225 regarding Atomic Energy of Canada Limited.
This document is a record of the Senate's proceedings on March 8, 2011. It includes tributes to the late Senator Keith Davey, discussions on various topics including Canada's energy future, colorectal cancer awareness, and International Women's Day. Several bills were also debated or moved forward in the legislative process. The bill concerning the reorganization and privatization of Atomic Energy of Canada Limited (Bill S-225) was at the second reading stage and debated. Senators also discussed or moved forward other bills related to criminal law, national defence, aeronautics, and tax law.
We don't have a plain-language summary for Consideration in committee yet. The official source linked below is the full record.
We don't have a plain-language summary for Report stage yet. The official source linked below is the full record.
We don't have a plain-language summary for Third reading yet. The official source linked below is the full record.
We don't have a plain-language summary for First reading yet. The official source linked below is the full record.
We don't have a plain-language summary for Second reading yet. The official source linked below is the full record.
We don't have a plain-language summary for Consideration in committee yet. The official source linked below is the full record.
We don't have a plain-language summary for Report stage yet. The official source linked below is the full record.
We don't have a plain-language summary for Third reading yet. The official source linked below is the full record.
Debate and sitting links point to official parliamentary sources when LEGISinfo publishes them. Any plain-language discussion summaries should be generated from those official texts and reviewed before public display.
Vote Summary
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No published representative vote breakdown
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Official sources
Status, sponsor, votes, and timeline on this page are drawn from these official legislative sources and public records. Each summary above is attributed to its own source.
How this data is sourced