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First Nations Fiscal Management Act (S.C. 2005, c. 9)

Act current to 2024-11-26 and last amended on 2024-11-21. Previous Versions

PART 8Transitional Provisions, Consequential Amendments, Coordinating Amendments and Coming into Force (continued)

Transitional Provisions (continued)

Marginal note:Continuation of directors

144 Persons who are directors of the First Nations Finance Authority Inc., a corporation incorporated under the Canada Business Corporations Act, on the day on which section 58 comes into force shall continue as directors of the First Nations Finance Authority until new directors are elected.

Marginal note:Continuation of existing by-laws

  • 145 (1) By-laws made by a First Nation under paragraph 83(1)(a), or any of paragraphs 83(1)(d) to (g), of the Indian Act that are in force on the day on which the name of the First Nation is added to the schedule are deemed to be laws made under section 5 or 9, as the case may be, to the extent that they are not inconsistent with section 5 or 9, and remain in force until they are repealed or replaced.

  • Marginal note:Amendment of existing by-laws

    (2) For greater certainty, subsections 5(2) to (7) apply to amendments of by-laws referred to in subsection (1).

  • Marginal note:Non-application of section

    (3) This section does not apply if the name of the First Nation is added to the schedule on or after the day on which section 145.1 comes into force.

  • 2005, c. 9, s. 145
  • 2015, c. 36, s. 203
  • 2018, c. 27, s. 414(E)
Previous Version

Marginal note:Continuation of existing by-laws

  • 145.1 (1) By-laws made by a First Nation under any of paragraphs 83(1)(a) and (b) to (g) of the Indian Act that are in force on the day on which the name of the First Nation is added to the schedule, except those described in subsection (2), are deemed to be laws made under section 5 to the extent that they are not inconsistent with section 5, and they remain in force until they are replaced by a law made by the First Nation under section 5 or are repealed.

  • Marginal note:Continuation of existing by-laws

    (2) By-laws in respect of financial administration made by a First Nation under any of paragraphs 83(1)(a) and (b) to (g) of the Indian Act that are in force on the day on which the name of the First Nation is added to the schedule remain in force until they are repealed or until the First Nation makes a law that is approved under subsection 9(2).

  • Marginal note:Continuation of existing by-laws

    (3) By-laws made by a First Nation under paragraph 83(1)(b) or (c) of the Indian Act that are in force on the day on which this section comes into force, except those described in subsection (4), are deemed to be laws made under section 5 to the extent that they are not inconsistent with section 5, and they remain in force until they are replaced by a law made by the First Nation under section 5 or are repealed.

  • Marginal note:Continuation of existing by-laws

    (4) By-laws in respect of financial administration made by a First Nation under paragraph 83(1)(b) or (c) of the Indian Act that are in force on the day on which this section comes into force remain in force until they are repealed or until the First Nation makes a law that is approved under subsection 9(2).

  • 2015, c. 36, s. 204
  • 2018, c. 27, s. 414(E)
Previous Version

Marginal note:Review and evaluation

146 Within seven years after the day on which this Act receives royal assent, the Minister, after consultation with the First Nations Tax Commission, First Nations Financial Management Board and First Nations Finance Authority, shall review the provisions and operation of this Act and the operations of those institutions, and submit a report to each House of Parliament on that review, including any changes that the Minister recommends relating to the evolution of the mandate and the operation of those institutions.

  • 2005, c. 9, s. 146
  • 2012, c. 19, s. 666
Previous Version

Consequential Amendments

Access to Information Act

147 [Amendment]

148 [Amendment]

Financial Administration Act

149 [Amendment]

Indian Act

150 [Amendment]

151 [Amendment]

Privacy Act

152 [Amendment]

Westbank First Nation Self-Government Act

153 [Amendment]

Coordinating Amendments

154 [Amendments]

Coming into Force

Marginal note:Order in council

Footnote *155 The provisions of this Act, other than section 154, come into force on a day or days to be fixed by order of the Governor in Council.

  • Return to footnote *[Note: Section 154 in force on assent March 23, 2005; Act, other than section 154, in force April 1, 2006, see SI/2006-59.]

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