Financial Administration Act

Marginal note:Regulations respecting conditions under which contracts awarded

• 41 (1) The Governor in Council may make regulations with respect to the conditions under which contracts may be entered into and, notwithstanding any other Act of Parliament,

  • (a) may direct that no contract by the terms of which payments are required in excess of such amount or amounts as the Governor in Council may prescribe shall be entered into or have any force or effect unless entry into the contract has been approved by the Governor in Council or the Treasury Board; and

  • (b) may make regulations with respect to the security to be given to and in the name of Her Majesty to secure the due performance of contracts.

• Marginal note:Exception

  (2) Subsection (1) does not apply in respect of Crown corporations or the Canada Revenue Agency.