Definitions

1   In this regulation:

"Act" means the Motor Dealer Act;

"authority" means the Motor Dealer Council of British Columbia;

"stakeholder" means

(a) a person who is licensed under the Act, and

(b) any other party considered by the authority to have an interest in a fee set under the Act.

Criteria for fee-setting process

2   The fee-setting process established by the authority under section 24.4 of the Act must be in accordance with the following criteria:

(a) before setting a new fee or changing a fee, the authority must

(i) complete a cost-benefit analysis demonstrating that the proposed fee, is required to directly fund any matters under the authority's administration,

(ii) conduct an assessment of the financial and operational impact the proposed fee will have on stakeholders,

(iii) consult with representative stakeholders respecting the proposed fee, and

(iv) provide any stakeholder consulted under subparagraph (iii) with the opportunity to submit, within 30 days after being consulted, written comments to the authority respecting the proposed fee.

(b) the authority must notify stakeholders of any new fee or increase in a fee at least 60 days before the date on which the fee or increase is to take effect.