Nordion and Theratronics Divestiture Authorization Act (S.C. 1990, c. 4)

Marginal note:Application of Public Service Superannuation Act

10 Notwithstanding subsection 42(4) of the Public Service Superannuation Act, the Governor in Council may, by order, delete the name of Nordion or Theratronics from Part I of Schedule I to that Act.

Marginal note:Shares qualified

11 For the purpose of qualifying the shares of Nordion

• (a) as an authorized investment under paragraph 86(n) of the Canadian and British Insurance Companies Act, paragraph 61(1)(j) of the Loan Companies Act or paragraph 78(1)(j) of the Trust Companies Act,

• (b) as a permitted investment under paragraph 1(s) of Schedule III to the Pension Benefits Standards Regulations, 1985, and

• (c) as assets that may be vested in trust in Canada under paragraph 1(n) of Schedule II to the Canadian and British Insurance Companies Act or paragraph 1(n) of the schedule to the Foreign Insurance Companies Act,

Nordion is deemed to have satisfied the requirements of those paragraphs with respect to each of the five years immediately preceding the date on which shares of Nordion are first sold or otherwise disposed of pursuant to subsection 4(1).

Coming into Force

Marginal note:Coming into force

Footnote ^*12 Section 9 shall come into force on a day to be fixed by order of the Governor in Council.

• Return to footnote ^*[Note: Section 9 is deemed to have come into force on April 20, 1993, see 2011, c. 24, s. 171.]