B.C. Reg. 194/2005, deposited March 31, 2005, pursuant to the PROPERTY TRANSFER TAX ACT [Sections 37 (2) and (3)]. Order in Council 417/2005, approved and ordered March 30, 2005.

On the recommendation of the undersigned, the Administrator, by and with the advice and consent of the Executive Council, orders that the following regulation is made.

GREATER VANCOUVER TRANSPORT AUTHORITY
EXEMPTION REGULATION

Exemption

1 The Greater Vancouver Transportation Authority is exempt from payment of tax under the Property Transfer Tax Act in connection with its acquisition, under the Greater Vancouver Transportation Authority Act, of land for the construction of the Richmond-Airport-Vancouver rapid transit project as defined in the Greater Vancouver Transportation Authority Act.

Retroactive effect

2 This regulation is retroactive to December 1, 2004, with effect on and after that date.

— C. HANSEN, Minister of Finance; J. LES, Presiding Member of the Executive Council.

Copyright © 2005: Queen's Printer, Victoria, British Columbia, Canada