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SUMMARY |
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This enactment provides authority for the disposition of all or
substantially all of the assets of the Cape Breton Development
Corporation (the ``Corporation'') and provides for the dissolution and
winding up of the affairs of the Corporation. The purpose is to enable
a private sector operator to acquire the mining assets of the Corporation
so that the federal government can exit the coal mining business in Cape
Breton and to provide for the continuation of the existing jurisdictional
regimes for labour relations, occupational safety and health, and labour
standards. Consequential amendments are proposed to the existing
legislation to remove provisions that are no longer applicable, to
provide for a reduced board of directors in the future, and to permit legal
actions to be brought against the Crown.
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