Ontario · Amendment
Section 4 of the Privatization Act flagged for future repeal once Lieutenant Governor proclaims a date
Province of Ontario Savings Office Privatization Act, 2002, S.O. 2002, c. 8, Sched. H — under the Province of Ontario Savings Office Privatization Act, 2002
Recorded date: April 24, 2026
Detected: June 11, 2026. Verify commencement in the official source.
Plain-language summary · AI-assisted
An amendment has been added to the consolidated text noting that section 4 of this Act — which exempts privatization transfers from a specific provision of the Financial Administration Act — is scheduled to be repealed on a date yet to be set by the Lieutenant Governor in Council. Until that proclamation is made, section 4 remains in effect and the exemption continues to apply. Organizations involved in transactions or agreements under this Act should monitor for the proclamation date, as the repeal could affect how those transactions are governed going forward.
Who this affects
organizations party to privatization agreements under this Act · government ministries administering transfers under this Act · financial and legal compliance teams tracking Ontario privatization legislation
Check the official text
02p08 on the official source ↗ · consolidated version 7 → 0
This page isn't an official version of the law and isn't legal advice. Summaries may omit details. Verify the dates and provisions that apply to you against the official source.