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Royal Canadian Mint Act (R.S.C., 1985, c. R-9)

Act current to 2024-11-26 and last amended on 2016-12-15. Previous Versions

Master and Board of Directors

Marginal note:Board of Directors

8 The Board of Directors of the Mint shall consist of not less than nine and not more than eleven directors, including the Chairperson and the Master.

  • R.S., 1985, c. R-9, s. 8
  • R.S., 1985, c. 35 (3rd Supp.), s. 7
  • 1999, c. 4, s. 5

Marginal note:Chairperson

9 The Chairperson shall be appointed by the Governor in Council to hold office during pleasure for any term that the Governor in Council considers appropriate.

  • R.S., 1985, c. R-9, s. 9
  • R.S., 1985, c. 35 (3rd Supp.), s. 7
  • 1999, c. 4, s. 6(E)

Marginal note:Appointment of Master of the Mint

  • 10 (1) The Master shall be appointed by the Governor in Council to hold office during pleasure for such term as the Governor in Council considers appropriate.

  • (2) [Repealed, R.S., 1985, c. 35 (3rd Supp.), s. 8]

  • Marginal note:Master

    (3) The Master is the chief executive officer of the Mint and shall devote the whole of his time to the business of the Mint.

  • Marginal note:Acting Master

    (4) The Board may authorize one of its directors or an officer of the Mint to act as Master in the event that the Master is absent or incapacitated or if the office of Master is vacant but no person so authorized shall act as Master for a period exceeding sixty days without the approval of the Governor in Council.

  • R.S., 1985, c. R-9, s. 10
  • R.S., 1985, c. 35 (3rd Supp.), s. 8

Marginal note:Appointment of directors

11 Each director, other than the Chairperson and the Master of the Mint, shall be appointed by the Minister, with the approval of the Governor in Council, to hold office during pleasure for a term not exceeding four years that will ensure, as far as possible, the expiration in any one year of the terms of office of not more than one half of the directors.

  • R.S., 1985, c. R-9, s. 11
  • R.S., 1985, c. 35 (3rd Supp.), s. 9
  • 2006, c. 9, s. 298
Previous Version

  • 12 (1) [Repealed, 2016, c. 12, s. 120]

  • Marginal note:Outside interests

    (2) A person is not eligible to be appointed or to continue as a director of the Mint if the person is not a Canadian citizen ordinarily resident in Canada or if, directly or indirectly, the person is engaged in any undertaking involving or associated with

    • (a) the production or distribution of copper, copper alloy, nickel or precious metals;

    • (b) the purchase, production, distribution or sale of coins or coin operated devices; or

    • (c) the vending of goods and services by means of coin operated devices.

  • Marginal note:Disposing of interest

    (3) Where any interest prohibited by subsection (2) vests in a director by will or succession for his own benefit, the director shall, within three months thereafter, absolutely dispose of the interest.

  • R.S., 1985, c. R-9, s. 12
  • R.S., 1985, c. 35 (3rd Supp.), s. 10
  • 2016, c. 12, s. 120
Previous Version

Marginal note:Re-appointment of director

13 A director on the expiration of his term of office is eligible for re-appointment to the Board in the same or another capacity.

  • R.S., c. R-8, s. 13

Marginal note:Temporary substitute director

14 The Governor in Council may, on such terms and conditions as the Governor in Council may prescribe, appoint a temporary substitute director if a director, other than the Master, is unable at any time to perform the duties of office by reason of absence or incapacity.

  • R.S., 1985, c. R-9, s. 14
  • R.S., 1985, c. 35 (3rd Supp.), s. 11(F)

Marginal note:Vacancy on Board

15 Where the office of a director becomes vacant during the term of the director appointed thereto, the Governor in Council may appoint a director for the remainder of that term.

  • R.S., c. R-8, s. 13

Marginal note:Salary and benefits

  • 16 (1) The directors shall be paid such salary as is fixed by the Governor in Council and shall receive such benefits as are fixed by the Board.

  • Marginal note:Expenses

    (2) Each director is entitled to be paid by the Mint such travel and other expenses incurred by the director while absent from his ordinary place of residence in the course of his duties under this Act as may be fixed by by-law of the Mint.

  • R.S., 1985, c. R-9, s. 16
  • R.S., 1985, c. 35 (3rd Supp.), s. 12

Staff of the Mint

Marginal note:Officers and employees

  • 17 (1) The Mint may appoint such officers, agents and employees as are necessary for the proper conduct of the work of the Mint.

  • Marginal note:Remuneration

    (2) The remuneration of officers, agents and employees of the Mint shall be a charge against the revenues of the Mint.

  • R.S., c. R-8, s. 15

Marginal note:Master, officers and employees not part of federal public administration

  • 18 (1) The Master, officers and employees of the Mint are not part of the federal public administration but shall be deemed to be employed in the federal public administration for the purposes of the Government Employees Compensation Act and any regulations made pursuant to section 9 of the Aeronautics Act.

  • Marginal note:Master and employees deemed employed in public service

    (2) The Master, officers and employees of the Mint shall be deemed to be employed in the public service for the purposes of the Public Service Superannuation Act, and the Mint shall be deemed to be a Public Service corporation for the purposes of that Act.

  • Marginal note:Contracting powers not limited by collective agreements

    (3) No collective agreement entered into by the Mint with its employees pursuant to Part I of the Canada Labour Code shall prohibit or limit the power of the Mint to enter into contracts with any person to provide for the procurement by the Mint of any goods or services from that person or the minting of coins by that person.

  • R.S., 1985, c. R-9, s. 18
  • R.S., 1985, c. 35 (3rd Supp.), s. 13(F)
  • 2003, c. 22, ss. 224(E), 225(E)
Previous Version

By-laws

Marginal note:By-laws

19 The Board may make by-laws respecting

  • (a) the duties and conduct of officers, agents and employees of the Mint;

  • (b) the conditions of employment and the fixing of the remuneration of officers, agents and employees of the Mint;

  • (c) the time and place for the holding of meetings of the Board, the quorum at those meetings and the procedure in all business at those meetings; and

  • (d) generally the conduct and management of the affairs of the Mint.

  • R.S., c. R-8, s. 14
  • 1984, c. 31, s. 14

Financial

Marginal note:Borrowing power

  • 20 (1) The Mint may, for the attainment of its objects, borrow money from the Consolidated Revenue Fund or any other source, but the total amount outstanding at any time may not exceed 75 million dollars or such greater amount as may be specified in an appropriation Act.

  • Marginal note:Government loans

    (2) The Minister of Finance may lend money to the Mint from the Consolidated Revenue Fund.

  • Marginal note:Conditions of borrowing

    (3) The Mint shall not enter into any particular transaction to borrow money pursuant to subsection (1) without the approval of the Minister of Finance with respect to the time and the terms and conditions of the transaction.

  • R.S., 1985, c. R-9, s. 20
  • R.S., 1985, c. 35 (3rd Supp.), s. 14
  • 1999, c. 4, s. 7

21 to 25 [Repealed, R.S., 1985, c. 35 (3rd Supp.), s. 14]

Marginal note:Auditor

  • 26 (1) The Auditor General of Canada is the auditor of the Mint.

  • Marginal note:Inspection of stores and metals

    (2) The Auditor General of Canada shall inspect the inventories of stores and metals of the Mint at least once in each year.

  • R.S., c. R-8, s. 24
  • 1976-77, c. 34, s. 30(F)
  • 1984, c. 31, s. 14

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