DIVISION 33 Freshwater Fish Marketing Corporation — Divestiture and Dissolution ss. 553–570
What the Bill Says
Division 33 authorizes the wind-down and dissolution of the Freshwater Fish Marketing Corporation (FFMC) — a federal Crown corporation that has marketed freshwater fish on behalf of commercial fishers in Manitoba, Saskatchewan, Alberta, the Northwest Territories and parts of Ontario since 1969.
Ministerial and GIC powers (ss. 555–556): With Governor in Council approval, the Minister may sell or dispose of Corporation property, amalgamate or dissolve it, create successor entities, appoint a liquidator, and exempt successor corporations from Financial Administration Act requirements. The GIC may order the Corporation to take any of these steps — and compliance is deemed to be in the Corporation's best interests.
Parliamentary oversight (s. 557): Orders must be tabled in Parliament within 15 sitting days — but if the Minister considers the information commercially sensitive, tabling is delayed until after implementation.
Dissolution mechanics (ss. 558–563): On dissolution, remaining property transfers to the Crown. Debts are paid from Corporation assets first; surplus goes to the Crown; unsatisfied debts become Crown liabilities. Legal proceedings continue against the Crown.
No compensation (s. 564): Board members have no right to compensation for losing their positions as a result of dissolution.
Consequential amendments (ss. 565–568): FFMC removed from federal fiscal arrangements, Financial Administration Act and Payments in Lieu of Taxes Act schedules. Former employees added to Public Service Superannuation Act coverage.
Repeal (s. 569): The Freshwater Fish Marketing Act is repealed entirely.
Coming into force (s. 570): Dissolution and repeal provisions fixed by Governor in Council order — no set date.
Plain Language Summary
The Freshwater Fish Marketing Corporation has operated as a Crown monopoly buyer and marketer of freshwater fish for over 50 years. Division 33 ends that — dissolving the Corporation, repealing its enabling legislation, and transferring any remaining assets and liabilities to the Crown.
The Minister and Governor in Council control every step of the wind-down. Parliamentary oversight exists on paper but can be delayed when the Minister decides commercial sensitivity warrants it. Board members get nothing for losing their positions.
⚠️ Parliamentary oversight exists — but only after the fact and only when the Minister decides it isn't commercially sensitive. The oversight mechanism is real on paper and discretionary in practice.