﻿<?xml version="1.0" encoding="utf-8"?><Statute bill-origin="commons" bill-type="govt-public" xml:lang="en" in-force="yes" startdate="20050401"><Identification Code="id=&quot;&quot;" hasPreviousVersion="true"><LongTitle Code="id=&quot;&quot;,lt=&quot;&quot;">An Act to provide for certain matters in connection with the transfer of certain airports</LongTitle><ShortTitle status="official" Code="id=&quot;&quot;,st=&quot;&quot;">Airport Transfer (Miscellaneous Matters) Act</ShortTitle><RunningHead>Airport Transfer (Miscellaneous Matters)</RunningHead><BillHistory><Stages stage="assented-to"><Date><YYYY>1992</YYYY><MM>March</MM><DD>19</DD></Date></Stages><Stages stage="consolidation"><Date><YYYY>2013</YYYY><MM>01</MM><DD>28</DD></Date></Stages></BillHistory><Chapter Code="id=&quot;&quot;,ch=&quot;&quot;"><ConsolidatedNumber official="no" Code="id=&quot;&quot;,ch=&quot;&quot;,cn=&quot;&quot;">A-10.4</ConsolidatedNumber><AnnualStatuteId revised-statute="no"><AnnualStatuteNumber>5</AnnualStatuteNumber><YYYY>1992</YYYY></AnnualStatuteId></Chapter></Identification><Introduction Code="in=&quot;&quot;"><Enacts Code="in=&quot;&quot;,en=&quot;&quot;"><Provision format-ref="indent-1-0" language-align="no"><Text>Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:</Text></Provision></Enacts></Introduction><Body><Heading Code="ga=&quot;s_1&quot;,h1=&quot;&quot;" level="1"><TitleText Code="ga=&quot;s_1&quot;,h1=&quot;&quot;,t1=&quot;&quot;">SHORT TITLE</TitleText></Heading><Section Code="se=&quot;1&quot;"><MarginalNote Code="se=&quot;1&quot;,m1=&quot;&quot;">Short title</MarginalNote><Label>1.</Label><Text>This Act may be cited as the <XRefExternal reference-type="act" link="A-10.4">Airport Transfer (Miscellaneous Matters) Act</XRefExternal>.</Text></Section><Heading Code="ga=&quot;s_2&quot;,h1=&quot;&quot;" level="1"><TitleText Code="ga=&quot;s_2&quot;,h1=&quot;&quot;,t1=&quot;&quot;">INTERPRETATION AND APPLICATION</TitleText></Heading><Section Code="se=&quot;2&quot;"><MarginalNote Code="se=&quot;2&quot;,m1=&quot;&quot;">Definitions</MarginalNote><Label>2.</Label><Subsection Code="se=&quot;2&quot;,ss=&quot;1&quot;"><Label>(1)</Label><Text>In this Act,</Text><Definition Code="se=&quot;2&quot;,ss=&quot;1&quot;,df=&quot;{designated airport authority}{administration aéroportuaire désignée}&quot;"><MarginalNote Code="se=&quot;2&quot;,ss=&quot;1&quot;,df=&quot;{designated airport authority}{administration aéroportuaire désignée}&quot;,m1=&quot;&quot;"><DefinedTermEn>designated airport authority</DefinedTermEn></MarginalNote><MarginalNote Code="se=&quot;2&quot;,ss=&quot;1&quot;,df=&quot;{designated airport authority}{administration aéroportuaire désignée}&quot;,m1=&quot;&quot;"><DefinedTermFr>administration aéroportuaire désignée</DefinedTermFr></MarginalNote><Text><DefinedTermEn>designated airport authority</DefinedTermEn> means a corporation or other body designated pursuant to subsection (2);</Text></Definition><Definition Code="se=&quot;2&quot;,ss=&quot;1&quot;,df=&quot;{designated employee}{employé désigné}&quot;"><MarginalNote Code="se=&quot;2&quot;,ss=&quot;1&quot;,df=&quot;{designated employee}{employé désigné}&quot;,m1=&quot;&quot;"><DefinedTermEn>designated employee</DefinedTermEn></MarginalNote><MarginalNote Code="se=&quot;2&quot;,ss=&quot;1&quot;,df=&quot;{designated employee}{employé désigné}&quot;,m1=&quot;&quot;"><DefinedTermFr>employé désigné</DefinedTermFr></MarginalNote><Text><DefinedTermEn>designated employee</DefinedTermEn>, for an airport, means an employee designated pursuant to subsection (3) as a designated employee for that airport;</Text></Definition><Definition Code="se=&quot;2&quot;,ss=&quot;1&quot;,df=&quot;{Minister}{ministre}&quot;"><MarginalNote Code="se=&quot;2&quot;,ss=&quot;1&quot;,df=&quot;{Minister}{ministre}&quot;,m1=&quot;&quot;"><DefinedTermEn>Minister</DefinedTermEn></MarginalNote><MarginalNote Code="se=&quot;2&quot;,ss=&quot;1&quot;,df=&quot;{Minister}{ministre}&quot;,m1=&quot;&quot;"><DefinedTermFr>ministre</DefinedTermFr></MarginalNote><Text><DefinedTermEn>Minister</DefinedTermEn> means the Minister of Transport;</Text></Definition><Definition Code="se=&quot;2&quot;,ss=&quot;1&quot;,df=&quot;{transfer date}{}&quot;"><MarginalNote Code="se=&quot;2&quot;,ss=&quot;1&quot;,df=&quot;{transfer date}{}&quot;,m1=&quot;&quot;"><DefinedTermEn>transfer date</DefinedTermEn></MarginalNote><MarginalNote Code="se=&quot;2&quot;,ss=&quot;1&quot;,df=&quot;{transfer date}{}&quot;,m1=&quot;&quot;"><DefinitionEnOnly>Version anglaise seulement</DefinitionEnOnly></MarginalNote><Text><DefinedTermEn>transfer date</DefinedTermEn>, in respect of an airport, means the date designated pursuant to subsection (2) for that airport.</Text></Definition></Subsection><Subsection Code="se=&quot;2&quot;,ss=&quot;2&quot;"><MarginalNote Code="se=&quot;2&quot;,ss=&quot;2&quot;,m1=&quot;&quot;">Designations by Governor in Council</MarginalNote><Label>(2)</Label><Text>For the purposes of this Act, the Governor in Council may, by order,</Text><Paragraph Code="se=&quot;2&quot;,ss=&quot;2&quot;,p1=&quot;a&quot;"><Label>(<Emphasis style="italic">a</Emphasis>)</Label><Text>designate any corporation or other body to which the Minister is to sell, lease or otherwise transfer an airport as a designated airport authority; and</Text></Paragraph><Paragraph Code="se=&quot;2&quot;,ss=&quot;2&quot;,p1=&quot;b&quot;"><Label>(<Emphasis style="italic">b</Emphasis>)</Label><Text>designate the date on which the Minister is to sell, lease or otherwise transfer an airport to a designated airport authority as the transfer date for that airport.</Text></Paragraph></Subsection><Subsection Code="se=&quot;2&quot;,ss=&quot;3&quot;"><MarginalNote Code="se=&quot;2&quot;,ss=&quot;3&quot;,m1=&quot;&quot;">Designation by Minister</MarginalNote><Label>(3)</Label><Text>For the purposes of this Act, the Minister may, by order, designate any person employed in the federal public administration at or in connection with an airport or airports under the management, charge and direction of the Minister as a designated employee for an airport.</Text></Subsection><HistoricalNote><ul><li>1992, c. 5, s. 2;</li><li> 2003, c. 22, s. 224(E).</li></ul></HistoricalNote><a startdate="20030101">Previous Version</a></Section><Heading Code="ga=&quot;s_3&quot;,h1=&quot;&quot;" level="1"><TitleText Code="ga=&quot;s_3&quot;,h1=&quot;&quot;,t1=&quot;&quot;">HER MAJESTY</TitleText></Heading><Section Code="se=&quot;3&quot;"><MarginalNote Code="se=&quot;3&quot;,m1=&quot;&quot;">Binding on Her Majesty</MarginalNote><Label>3.</Label><Text>This Act is binding on Her Majesty in right of Canada or a province.</Text></Section><Heading Code="ga=&quot;s_4&quot;,h1=&quot;&quot;" level="1"><TitleText Code="ga=&quot;s_4&quot;,h1=&quot;&quot;,t1=&quot;&quot;">OFFICIAL LANGUAGES</TitleText></Heading><Section Code="se=&quot;4&quot;"><MarginalNote Code="se=&quot;4&quot;,m1=&quot;&quot;">Application of <XRefExternal reference-type="act" link="O-3.01">Official Languages Act</XRefExternal></MarginalNote><Label>4.</Label><Subsection Code="se=&quot;4&quot;,ss=&quot;1&quot;"><Label>(1)</Label><Text>Where the Minister has leased an airport to a designated airport authority, on and after the transfer date Parts IV, V, VI, VIII, IX and X of the <XRefExternal reference-type="act" link="O-3.01">Official Languages Act</XRefExternal> apply, with such modifications as the circumstances require, to the authority in relation to the airport as if</Text><Paragraph Code="se=&quot;4&quot;,ss=&quot;1&quot;,p1=&quot;a&quot;"><Label>(<Emphasis style="italic">a</Emphasis>)</Label><Text>the authority were a federal institution; and</Text></Paragraph><Paragraph Code="se=&quot;4&quot;,ss=&quot;1&quot;,p1=&quot;b&quot;"><Label>(<Emphasis style="italic">b</Emphasis>)</Label><Text>the airport were an office or facility of that institution, other than its head or central office.</Text></Paragraph></Subsection><Subsection Code="se=&quot;4&quot;,ss=&quot;1.1&quot;"><MarginalNote Code="se=&quot;4&quot;,ss=&quot;1.1&quot;,m1=&quot;&quot;">Idem</MarginalNote><Label>(1.1)</Label><Text>Where the Minister has sold or otherwise transferred an airport to a designated airport authority, on and after the transfer date Parts IV, VIII, IX and X of the <XRefExternal reference-type="act" link="O-3.01">Official Languages Act</XRefExternal> apply, with such modifications as the circumstances require, to the authority in relation to the airport as if</Text><Paragraph Code="se=&quot;4&quot;,ss=&quot;1.1&quot;,p1=&quot;a&quot;"><Label>(<Emphasis style="italic">a</Emphasis>)</Label><Text>the authority were a federal institution; and</Text></Paragraph><Paragraph Code="se=&quot;4&quot;,ss=&quot;1.1&quot;,p1=&quot;b&quot;"><Label>(<Emphasis style="italic">b</Emphasis>)</Label><Text>the airport were an office or facility of that institution, other than its head or central office.</Text></Paragraph></Subsection><Subsection Code="se=&quot;4&quot;,ss=&quot;2&quot;"><MarginalNote Code="se=&quot;4&quot;,ss=&quot;2&quot;,m1=&quot;&quot;">Construction</MarginalNote><Label>(2)</Label><Text>Nothing in subsection 23(2) of the <XRefExternal reference-type="act" link="O-3.01">Official Languages Act</XRefExternal> shall, in relation to an airport transferred to a designated airport authority by the Minister, be construed or applied so as to impose a duty on any institution other than that authority.</Text></Subsection><HistoricalNote><ul><li>1992, c. 5, s. 4, c. 42, s. 2.</li></ul></HistoricalNote></Section><Heading Code="ga=&quot;s_5&quot;,h1=&quot;&quot;" level="1"><TitleText Code="ga=&quot;s_5&quot;,h1=&quot;&quot;,t1=&quot;&quot;">PENSION BENEFITS</TitleText></Heading><Section Code="se=&quot;5&quot;"><MarginalNote Code="se=&quot;5&quot;,m1=&quot;&quot;">Pension benefits</MarginalNote><Label>5.</Label><Subsection Code="se=&quot;5&quot;,ss=&quot;1&quot;"><Label>(1)</Label><Text>Where the Minister has sold, leased or otherwise transferred an airport to a designated airport authority, the <XRefExternal reference-type="act" link="P-36">Public Service Superannuation Act</XRefExternal>, the <XRefExternal reference-type="act" link="S-24">Supplementary Retirement Benefits Act</XRefExternal> and the regulations made under those Acts apply, in the manner and to the extent provided by the regulations made under subsection (3), to any person who meets all of the following criteria:</Text><Paragraph Code="se=&quot;5&quot;,ss=&quot;1&quot;,p1=&quot;a&quot;"><Label>(<Emphasis style="italic">a</Emphasis>)</Label><Text>the person is a designated employee for the airport and, immediately prior to the transfer date, was a contributor under the <XRefExternal reference-type="act" link="P-36">Public Service Superannuation Act</XRefExternal>;</Text></Paragraph><Paragraph Code="se=&quot;5&quot;,ss=&quot;1&quot;,p1=&quot;b&quot;"><Label>(<Emphasis style="italic">b</Emphasis>)</Label><Text>on the transfer date, the person became an employee of the designated airport authority;</Text></Paragraph><Paragraph Code="se=&quot;5&quot;,ss=&quot;1&quot;,p1=&quot;c&quot;"><Label>(<Emphasis style="italic">c</Emphasis>)</Label><Text>the President of the Treasury Board has not made a payment pursuant to section 40 of the <XRefExternal reference-type="act" link="P-36">Public Service Superannuation Act</XRefExternal> in respect of the pensionable service to that person’s credit under that Act immediately prior to the transfer date;</Text></Paragraph><Paragraph Code="se=&quot;5&quot;,ss=&quot;1&quot;,p1=&quot;d&quot;"><Label>(<Emphasis style="italic">d</Emphasis>)</Label><Text>the person has not received or opted to receive any annuity or other benefit under section 12 or 13 of the <XRefExternal reference-type="act" link="P-36">Public Service Superannuation Act</XRefExternal> in respect of the pensionable service to the person’s credit under that Act immediately prior to the transfer date; and</Text></Paragraph><Paragraph Code="se=&quot;5&quot;,ss=&quot;1&quot;,p1=&quot;e&quot;"><Label>(<Emphasis style="italic">e</Emphasis>)</Label><Text>the person elects, within one year after the transfer date and in such form and manner as the President of the Treasury Board may direct, to have the <XRefExternal reference-type="act" link="P-36">Public Service Superannuation Act</XRefExternal>, the <XRefExternal reference-type="act" link="S-24">Supplementary Retirement Benefits Act</XRefExternal> and the regulations made under those Acts apply to the person in the manner and to the extent provided by the regulations made under subsection (3).</Text></Paragraph></Subsection><Subsection Code="se=&quot;5&quot;,ss=&quot;2&quot;"><MarginalNote Code="se=&quot;5&quot;,ss=&quot;2&quot;,m1=&quot;&quot;">Election irrevocable</MarginalNote><Label>(2)</Label><Text>An election under paragraph (1)(<Emphasis style="italic">e</Emphasis>) is irrevocable.</Text></Subsection><Subsection Code="se=&quot;5&quot;,ss=&quot;3&quot;"><MarginalNote Code="se=&quot;5&quot;,ss=&quot;3&quot;,m1=&quot;&quot;">Regulations</MarginalNote><Label>(3)</Label><Text>The Governor in Council may, on the recommendation of the President of the Treasury Board, make regulations</Text><Paragraph Code="se=&quot;5&quot;,ss=&quot;3&quot;,p1=&quot;a&quot;"><Label>(<Emphasis style="italic">a</Emphasis>)</Label><Text>respecting the manner in which and the extent to which provisions, as amended, of the Acts and regulations referred to in subsection (1) apply to persons who make an election under paragraph (1)(<Emphasis style="italic">e</Emphasis>);</Text></Paragraph><Paragraph Code="se=&quot;5&quot;,ss=&quot;3&quot;,p1=&quot;b&quot;"><Label>(<Emphasis style="italic">b</Emphasis>)</Label><Text>adapting provisions of those Acts and regulations for the purposes of this section; and</Text></Paragraph><Paragraph Code="se=&quot;5&quot;,ss=&quot;3&quot;,p1=&quot;c&quot;"><Label>(<Emphasis style="italic">c</Emphasis>)</Label><Text>generally for carrying out the purposes and provisions of this section.</Text></Paragraph></Subsection><Subsection Code="se=&quot;5&quot;,ss=&quot;4&quot;"><MarginalNote Code="se=&quot;5&quot;,ss=&quot;4&quot;,m1=&quot;&quot;">Retroactivity</MarginalNote><Label>(4)</Label><Text>Regulations made under subsection (3) may, if they so provide, be retroactive and have effect with respect to any period before they were made.</Text></Subsection></Section><Section Code="se=&quot;6&quot;"><Label>6. and 7.</Label><Text><Repealed>[Repealed, 1998, c. 26, s. 72]</Repealed></Text></Section><Heading Code="ga=&quot;s_8&quot;,h1=&quot;&quot;" level="1"><TitleText Code="ga=&quot;s_8&quot;,h1=&quot;&quot;,t1=&quot;&quot;">INCOME TAX</TitleText></Heading><Section Code="se=&quot;8&quot;"><MarginalNote Code="se=&quot;8&quot;,m1=&quot;&quot;">Exemption from income tax</MarginalNote><Label>8.</Label><Subsection Code="se=&quot;8&quot;,ss=&quot;1&quot;"><Label>(1)</Label><Text>No tax is payable under Part I of the <XRefExternal reference-type="act" link="I-3.3">Income Tax Act</XRefExternal> by a corporation for a taxation year commencing after 1990 on that portion of its taxable income for the year that may reasonably be regarded as being derived from an airport business if</Text><Paragraph Code="se=&quot;8&quot;,ss=&quot;1&quot;,p1=&quot;a&quot;"><Label>(<Emphasis style="italic">a</Emphasis>)</Label><Text>throughout the year, the corporation was a designated airport authority and no part of the income or capital of the corporation was or became payable to, or otherwise available for the personal benefit of, any member or shareholder of the corporation; and</Text></Paragraph><Paragraph Code="se=&quot;8&quot;,ss=&quot;1&quot;,p1=&quot;b&quot;"><Label>(<Emphasis style="italic">b</Emphasis>)</Label><Text>all or substantially all of the gross revenue of the corporation, other than dividends received from a taxable Canadian corporation, in the year was derived from an airport business.</Text></Paragraph></Subsection><Subsection Code="se=&quot;8&quot;,ss=&quot;2&quot;"><MarginalNote Code="se=&quot;8&quot;,ss=&quot;2&quot;,m1=&quot;&quot;">Idem</MarginalNote><Label>(2)</Label><Text>No tax is payable under Parts I.3, IV and IV.1 of the <XRefExternal reference-type="act" link="I-3.3">Income Tax Act</XRefExternal> by a corporation for a taxation year commencing after 1990 for which no tax is payable on all or a portion of its taxable income by reason of subsection (1).</Text></Subsection><Subsection Code="se=&quot;8&quot;,ss=&quot;3&quot;"><MarginalNote Code="se=&quot;8&quot;,ss=&quot;3&quot;,m1=&quot;&quot;">Same meaning</MarginalNote><Label>(3)</Label><Text>Unless a contrary intention appears, words and expressions used in this section have the same meaning as in the <XRefExternal reference-type="act" link="I-3.3">Income Tax Act</XRefExternal>.</Text></Subsection><Subsection Code="se=&quot;8&quot;,ss=&quot;4&quot;"><MarginalNote Code="se=&quot;8&quot;,ss=&quot;4&quot;,m1=&quot;&quot;">Definitions</MarginalNote><Label>(4)</Label><Text>For the purposes of subsection (1),</Text><Definition Code="se=&quot;8&quot;,ss=&quot;4&quot;,df=&quot;{airport business}{activités aéroportuaires}&quot;"><MarginalNote Code="se=&quot;8&quot;,ss=&quot;4&quot;,df=&quot;{airport business}{activités aéroportuaires}&quot;,m1=&quot;&quot;"><DefinedTermEn>airport business</DefinedTermEn></MarginalNote><MarginalNote Code="se=&quot;8&quot;,ss=&quot;4&quot;,df=&quot;{airport business}{activités aéroportuaires}&quot;,m1=&quot;&quot;"><DefinedTermFr>activités aéroportuaires</DefinedTermFr></MarginalNote><Text><DefinedTermEn>airport business</DefinedTermEn> means the business of operating an airport and any activities incidental or pertaining to that operation and, without restricting the generality of the foregoing, includes the rental or leasing of real property situated at the airport, the making of investments, the granting of franchises, concessions and licences and the provision of parking facilities at the airport and heliport facilities and bus services serving the airport, but does not include activities relating to the operation of a hotel, motel, restaurant, bar, retail or wholesale store, a motor vehicle rental or leasing service, a taxi or limousine service, a freight transportation service, an airline, an aircraft rental or leasing service, an aircraft fuelling or maintenance service, a currency exchange service or an amusement or entertainment centre or any prescribed activity;</Text></Definition><Definition Code="se=&quot;8&quot;,ss=&quot;4&quot;,df=&quot;{taxation year}{année d’imposition}&quot;"><MarginalNote Code="se=&quot;8&quot;,ss=&quot;4&quot;,df=&quot;{taxation year}{année d’imposition}&quot;,m1=&quot;&quot;"><DefinedTermEn>taxation year</DefinedTermEn></MarginalNote><MarginalNote Code="se=&quot;8&quot;,ss=&quot;4&quot;,df=&quot;{taxation year}{année d’imposition}&quot;,m1=&quot;&quot;"><DefinedTermFr>année d’imposition</DefinedTermFr></MarginalNote><Text><DefinedTermEn>taxation year</DefinedTermEn>, in respect of a corporation, means</Text><Paragraph Code="se=&quot;8&quot;,ss=&quot;4&quot;,df=&quot;{taxation year}{année d’imposition}&quot;,p1=&quot;a&quot;"><Label>(<Emphasis style="italic">a</Emphasis>)</Label><Text>where the corporation is designated as a designated airport authority in a taxation year of the corporation, only that part of that year following the designation, and</Text></Paragraph><Paragraph Code="se=&quot;8&quot;,ss=&quot;4&quot;,df=&quot;{taxation year}{année d’imposition}&quot;,p1=&quot;b&quot;"><Label>(<Emphasis style="italic">b</Emphasis>)</Label><Text>where the corporation ceases to be a designated airport authority in a taxation year of the corporation, only that part of that year preceding the cessation.</Text></Paragraph></Definition></Subsection><HistoricalNote><ul><li>1992, c. 42, s. 3;</li><li> 1999, c. 31, s. 247(F).</li></ul></HistoricalNote></Section><Heading Code="ga=&quot;s_9&quot;,h1=&quot;&quot;" level="1"><TitleText Code="ga=&quot;s_9&quot;,h1=&quot;&quot;,t1=&quot;&quot;">SEIZURE AND DETENTION OF AIRCRAFT</TitleText></Heading><Section Code="se=&quot;9&quot;"><MarginalNote Code="se=&quot;9&quot;,m1=&quot;&quot;">Seizure and detention for fees and charges</MarginalNote><Label>9.</Label><Subsection Code="se=&quot;9&quot;,ss=&quot;1&quot;"><Label>(1)</Label><Text>Where the amount of any landing fees, general terminal fees or other charges related to the use of an airport, and interest thereon, set by a designated airport authority in respect of an airport operated by the authority has not been paid, the authority may, in addition to any other remedy available for the collection of the amount and whether or not a judgment for the collection of the amount has been obtained, on application to the superior court of the province in which any aircraft owned or operated by the person liable to pay the amount is situated, obtain an order of the court, issued on such terms as the court considers necessary, authorizing the authority to seize and detain aircraft.</Text></Subsection><Subsection Code="se=&quot;9&quot;,ss=&quot;2&quot;"><MarginalNote Code="se=&quot;9&quot;,ss=&quot;2&quot;,m1=&quot;&quot;">Idem</MarginalNote><Label>(2)</Label><Text>Where the amount of any fees, charges and interest referred to in subsection (1) has not been paid and the designated airport authority has reason to believe that the person liable to pay the amount is about to leave Canada or take from Canada any aircraft owned or operated by the person, the authority may, in addition to any other remedy available for the collection of the amount and whether or not a judgment for the collection of the amount has been obtained, on <Language xml:lang="la">ex parte</Language> application to the superior court of the province in which any aircraft owned or operated by the person is situated, obtain an order of the court, issued on such terms as the court considers necessary, authorizing the authority to seize and detain aircraft.</Text></Subsection><Subsection Code="se=&quot;9&quot;,ss=&quot;3&quot;"><MarginalNote Code="se=&quot;9&quot;,ss=&quot;3&quot;,m1=&quot;&quot;">Release on payment</MarginalNote><Label>(3)</Label><Text>Subject to subsection (4), except where otherwise directed by an order of a court, a designated airport authority is not required to release from detention an aircraft seized under subsection (1) or (2) unless the amount in respect of which the seizure was made is paid.</Text></Subsection><Subsection Code="se=&quot;9&quot;,ss=&quot;4&quot;"><MarginalNote Code="se=&quot;9&quot;,ss=&quot;4&quot;,m1=&quot;&quot;">Release on security</MarginalNote><Label>(4)</Label><Text>A designated airport authority shall release from detention an aircraft seized under subsection (1) or (2) if a bond, suretyship or other security in a form satisfactory to the authority for the amount in respect of which the aircraft was seized is deposited with the authority.</Text></Subsection><Subsection Code="se=&quot;9&quot;,ss=&quot;5&quot;"><MarginalNote Code="se=&quot;9&quot;,ss=&quot;5&quot;,m1=&quot;&quot;">Same meaning</MarginalNote><Label>(5)</Label><Text>Words and expressions used in this section and section 10 have the same meaning as in the <XRefExternal reference-type="act" link="A-2">Aeronautics Act</XRefExternal>.</Text></Subsection><HistoricalNote><ul><li>1992, c. 42, s. 3;</li><li> 2001, c. 4, s. 55(E).</li></ul></HistoricalNote></Section><Section Code="se=&quot;10&quot;"><MarginalNote Code="se=&quot;10&quot;,m1=&quot;&quot;">Exempt aircraft</MarginalNote><Label>10.</Label><Subsection Code="se=&quot;10&quot;,ss=&quot;1&quot;"><Label>(1)</Label><Text>Any aircraft of a person referred to in subsection 9(1) or (2) that would be exempt from seizure under a writ of execution issued by the superior court of the province in which the aircraft is situated is exempt from seizure and detention under that subsection.</Text></Subsection><Subsection Code="se=&quot;10&quot;,ss=&quot;2&quot;"><MarginalNote Code="se=&quot;10&quot;,ss=&quot;2&quot;,m1=&quot;&quot;">Exemption</MarginalNote><Label>(2)</Label><Text>The Governor in Council may, by regulation, exempt any aircraft from seizure and detention under section 9.</Text></Subsection><HistoricalNote><ul><li>1992, c. 42, s. 3.</li></ul></HistoricalNote></Section><Heading Code="ga=&quot;s_11&quot;,h1=&quot;&quot;" level="1"><TitleText Code="ga=&quot;s_11&quot;,h1=&quot;&quot;,t1=&quot;&quot;">QUALIFIED INVESTMENT</TitleText></Heading><Section Code="se=&quot;11&quot;"><MarginalNote Code="se=&quot;11&quot;,m1=&quot;&quot;">Debt obligations qualified</MarginalNote><Label>11.</Label><Text>For the purpose of qualifying the bonds, debentures or other evidences of indebtedness of a designated airport authority</Text><Paragraph Code="se=&quot;11&quot;,p1=&quot;a&quot;"><Label>(<Emphasis style="italic">a</Emphasis>)</Label><Text>as an authorized investment under paragraph 86(<Emphasis style="italic">i</Emphasis>) of the <XRefExternal reference-type="act">Canadian and British Insurance Companies Act</XRefExternal>, paragraph 61(1)(<Emphasis style="italic">b</Emphasis>) of the <XRefExternal reference-type="act">Loan Companies Act</XRefExternal> or paragraph 78(1)(<Emphasis style="italic">b</Emphasis>) of the <XRefExternal reference-type="act">Trust Companies Act</XRefExternal>,</Text></Paragraph><Paragraph Code="se=&quot;11&quot;,p1=&quot;b&quot;"><Label>(<Emphasis style="italic">b</Emphasis>)</Label><Text>as a permitted investment under paragraph 1(<Emphasis style="italic">j</Emphasis>) of Schedule III to the <XRefExternal reference-type="regulation" link="SOR-87-19">Pension Benefits Standards Regulations, 1985</XRefExternal>, and</Text></Paragraph><Paragraph Code="se=&quot;11&quot;,p1=&quot;c&quot;"><Label>(<Emphasis style="italic">c</Emphasis>)</Label><Text>as assets that may be vested in trust in Canada under paragraph 1(<Emphasis style="italic">i</Emphasis>) of Schedule II to the <XRefExternal reference-type="act">Canadian and British Insurance Companies Act</XRefExternal> or paragraph 1(<Emphasis style="italic">i</Emphasis>) of the schedule to the <XRefExternal reference-type="act">Foreign Insurance Companies Act</XRefExternal>,</Text></Paragraph><ContinuedSectionSubsection><Text>the rights and interests acquired by the authority under the instrument executed by the Minister that transfers an airport to the authority are deemed to be assets listed in that paragraph.</Text></ContinuedSectionSubsection><HistoricalNote><ul><li>1992, c. 42, s. 3.</li></ul></HistoricalNote></Section></Body></Statute>