Contents
50Investment Canada Act#
Any application that is filed under section 17 of the Investment Canada Act before the day on which section 23 of this Act comes into force and in respect of which the Minister of Industry has not made a decision referred to in section 23.1 of the Investment Canada Act before that day is deemed never to have been filed if
(a)the investment to which the application relates would have been subject to subsection 14.11(1) or (2) of that Act had the application been filed on that day; and
(b)the enterprise value of the assets to which the application relates is less than the amount determined in accordance with subsection 14.11(1) of that Act.
Federal laws of Canada reproduced under the Reproduction of Federal Law Order (SI/97-5); not the official version. Source: Justice Laws Website.