Bill 59 explained in plain English
Regulated Health Professions Amendment Act (Optometry Professional Corporations), 2012
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Legislative Assembly of Ontario snapshot for 40th Parliament, 1st Session. Representative vote breakdowns appear when the Assembly publishes an Ayes and Nays page for the bill.
Our plain-language take, written for civic education.
Source: By PoliticalData.ca
This bill amends the Regulated Health Professions Act, 1991, to allow for broader ownership of non-voting shares in optometry professional corporations by family members or in trust for minor children of voting shareholders, and requires a statutory declaration upon shareholder changes.
Bill 59, the Regulated Health Professions Amendment Act (Optometry Professional Corporations), 2012, amends the Regulated Health Professions Act, 1991. The purpose of the bill is to change the rules about which corporations are eligible to hold a certificate of authorization from the College of Optometrists of Ontario. Specifically, it allows for new ownership structures for optometry corporations. Under the proposed changes, non-voting shares of an optometry corporation can be owned by a member of the College of Optometrists of Ontario, by family members of a voting shareholder, or held in trust for minor children of a voting shareholder. Corporations must also provide a statutory declaration to the Registrar of the College after a shareholder change to confirm compliance with the Business Corporations Act. Failure to do so could lead to the revocation of the corporation's certificate of authorization. The bill also clarifies that Ontario Regulation 665/05 (Health Profession Corporations) applies to these optometry corporations.
- Changes the eligibility requirements for corporations seeking a certificate of authorization from the College of Optometrists of Ontario.
- Allows non-voting shares of an optometry corporation to be owned by a member of the College, family members of a voting shareholder, or in trust for minor children of a voting shareholder.
- Requires optometry corporations to provide a statutory declaration to the Registrar of the College after a shareholder change, confirming compliance with the Business Corporations Act.
- Specifies that Ontario Regulation 665/05 (Health Profession Corporations) applies to optometry corporations with some modifications.
- Corporations seeking or holding a certificate of authorization from the College of Optometrists of Ontario.
- Members of the College of Optometrists of Ontario.
- Family members of members of the College of Optometrists of Ontario.
- Minor children of members of the College of Optometrists of Ontario (as beneficiaries of trusts).
- The Registrar of the College of Optometrists of Ontario.
- Corporations are eligible to hold a certificate of authorization if specific ownership conditions for voting and non-voting shares are met.
- The owner of non-voting shares can be a College member, a family member of a voting shareholder, or a trustee for minor children of a voting shareholder.
- Corporations must provide a statutory declaration to the Registrar after a shareholder change, certifying compliance with section 3.2 of the Business Corporations Act.
- The College of Optometrists of Ontario issues certificates of authorization.
- The certificate of authorization may be revoked if the required statutory declaration is not provided.
- The Act comes into force on the day it receives Royal Assent.
- A corporation's certificate of authorization may be revoked if it fails to provide the required statutory declaration after a shareholder change.
- The specific details of 'family member' are defined within the Act (spouse, child, or parent).
- The bill does not specify what constitutes a 'minor child' for the purpose of trust ownership.
- The bill does not detail the process or criteria for revocation beyond the failure to submit the statutory declaration.
Adds a new section (35.1) that defines eligibility criteria for optometry corporations to hold a certificate of authorization, including rules for the ownership of voting and non-voting shares, and establishes a duty for corporations to provide a statutory declaration upon shareholder changes.
Source: Section 1
Sets out conditions, specifically paragraphs 1 and 3 of subsection 1 (1), that a corporation must meet to be eligible for a certificate of authorization from the College of Optometrists of Ontario, which are referenced in the new section 35.1 of the Regulated Health Professions Act, 1991.
Source: Section 35.1 (2)
Corporations holding a certificate of authorization must comply with section 3.2 of this Act, and a statutory declaration must certify this compliance.
Source: Section 35.1 (3)
This regulation, made under the Business Corporations Act, now applies to optometry corporations, with references to 'physician corporation' and 'College of Physicians and Surgeons of Ontario' being replaced with 'optometrist corporation' and 'College of Optometrists of Ontario', respectively.
Source: Section 35.1 (5)
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.
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Official sources
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