Financial Administration Act

Marginal note:Annual consolidated report

• 151 (1) The President of the Treasury Board shall, not later than December 31 of each year, cause a copy of an annual consolidated report on the businesses and activities of all parent Crown corporations for their financial years ending on or before the previous July 31 to be laid before each House of Parliament.

• Marginal note:Reference to committee

  (2) An annual consolidated report laid before Parliament pursuant to subsection (1) stands permanently referred to such committee of Parliament as may be designated or established to review matters relating to Crown corporations.

• Marginal note:Contents

  (3) The annual consolidated report referred to in subsection (1) shall include

  • (a) a list naming, as of a specified date, all Crown corporations and all corporations of which any shares are held by, on behalf of or in trust for the Crown or any Crown corporation;

  • (b) employment and financial data, including aggregate borrowings of parent Crown corporations; and

  • (c) such other information as the President of the Treasury Board may determine.