Definition

1   In this regulation, "MLIB Agreement" means the McLeod Lake Indian Band Treaty No. 8 Adhesion and Settlement Agreement entered into by the McLeod Lake Indian Band, Her Majesty the Queen in right of Canada and Her Majesty the Queen in right of British Columbia.

Exemption

2   A Crown grant that, in fulfilment of article 8.5 of the MLIB Agreement, conveys land from the government of British Columbia to a member of the McLeod Lake Indian Band, or to the legal representative of a member of the McLeod Lake Indian Band on the member's behalf, is a taxable transaction exempt from tax under the Property Transfer Tax Act.

Exemption — transfer from legal representative to member

3   If land was conveyed under a Crown grant referred to in section 2 to the legal representative of a member of the McLeod Lake Indian Band on the member's behalf, the transfer of that land from the legal representative of the member to that member is a taxable transaction exempt from tax under the Property Transfer Tax Act.

[en. B.C. Reg. 106/2006.]