Bill 187 explained in plain English
Co-operative Corporations Amendment Act (Audit Exemptions and Limits to Non-member Business), 2017
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Legislative Assembly of Ontario snapshot for 41st Parliament, 2nd 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 Co-operative Corporations Act to allow for audit exemptions for qualifying co-operatives and to give the Minister power to alter a co-operative's structure if it conducts too much business with non-members.
Bill 187, the Co-operative Corporations Amendment Act (Audit Exemptions and Limits to Non-member Business), 2017, proposes changes to Ontario's Co-operative Corporations Act. It introduces conditions under which certain co-operatives may be exempt from audit requirements. It also provides the Minister with the authority to amend a co-operative's structure if it conducts a significant amount of business with non-members.
- Amends the Co-operative Corporations Act to allow certain co-operatives to be exempt from audit requirements.
- Amends the Co-operative Corporations Act to provide conditions for a co-operative to be exempt from audits.
- Amends the Co-operative Corporations Act to give the Minister the power to change a co-operative into a corporation under the Business Corporations Act or the Corporations Act if it does too much business with non-members.
- Specifies the conditions under which a co-operative can be exempt from audits.
- Defines when the Minister can force a co-operative to change its structure due to non-member business.
- States that the Act comes into force on the day it receives Royal Assent.
- Co-operatives in Ontario.
- The Minister of Finance (or relevant Minister overseeing co-operatives).
- Members and non-members of co-operatives.
- Co-operatives may be exempt from audit requirements if they meet specific conditions: not requiring an offering statement, not receiving government grants with audit conditions, and passing a special resolution not to appoint an auditor.
- The Minister has the authority to issue a certificate of amendment to change a co-operative's structure under specific circumstances related to non-member business.
- The Act comes into force on the day it receives Royal Assent.
- The bill does not specify the exact percentage of business with non-members that triggers the Minister's action if no limit is specified in the co-operative's articles or by-laws, other than stating '50 per cent or more'.
- The bill does not detail the process or criteria the Minister uses to determine 'an opportunity to be heard' for a co-operative.
- The bill does not specify which Minister has the authority to act under section 144 (1) of the Co-operative Corporations Act, referring only to 'the Minister'.
This bill makes changes to the existing Co-operative Corporations Act.
Source: Bill 187, Section 1 and Section 2
The existing section dealing with audit exemptions is removed and replaced with new provisions.
Source: Bill 187, Section 1
The existing subsection regarding the limit on non-member business is removed and replaced with new provisions.
Source: Bill 187, Section 2
The Minister may change a co-operative into a corporation subject to this Act.
Source: Bill 187, Section 2 (1) (a)
The Minister may change a co-operative into a corporation subject to this Part of the Act.
Source: Bill 187, Section 2 (1) (b)
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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Vote Summary
This bill is still active. We only show vote counts after the legislature publishes a recorded division.
No published representative vote breakdown
This bill is still moving through the process. When a recorded division is published, representative positions can be listed here.
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