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Bill C-20, the proposed First Nations Fiscal and Statistical Management
Act:
Will enable First Nations to build the fiscal and statistical capacity needed to support
effective government.
Will provide practical tools in the areas of property taxation, bond financing, and financial
and statistical management in support of social and economic development.
Will result in four First Nations institutions: Finance Authority, Tax Commission, Financial
Management Board, and Statistical Institute.
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Will build First Nations regulatory management capacity where fiscal and statistical matters are
concerned.
Contributes to economic development and investment certainty for First Nations.
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First Nations: Active participation in the Canadian economy.
Private investment opportunities while meeting local infrastructure needs, such as water
treatment systems and roads.
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First Nations-led, in conjunction with INAC.
Development of institutions is being led by four First Nation Advisory Panels. The existing
Indian Taxation Advisory Board (ITAB) and original First Nations Finance Authority Inc. are continuing with their
roles in development of the Tax Commission and Finance Authority. British Columbia Summit is sponsoring
development of the Financial Management Board, and Union of Ontario Indians is sponsoring the Statistical
Institute.
Participating federal departments include Statistics Canada.
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Bill C-20 re-introduced in November 2004.
Following passage of the proposed legislation, the four First Nation Advisory Panels will work
closely with INAC to develop the required regulations and operationalize the four institutions.
Implementation target: Late 2005 or early 2006.
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Proposed First Nations Oil and Gas and Moneys Management Act:
Will allow First Nations to assume direct control over oil and gas resources on reserve lands
(and related revenues), and assume control over moneys otherwise held for them in Consolidated Revenue Fund under
the Indian Act.
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More responsive and localized regulatory framework by providing First Nation communities the
option to manage their on-reserve oil and gas resources and revenues.
Greater self-government in fiscal management and acceleration of economic development in First
Nation communities.
Greater fiscal transparency and accountability, thus promoting good governance by First Nations
where lands, resources and moneys are concerned.
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First Nations: Direct participation in energy sector, enabling them to capitalize on
pportunities, and leading to improved economies and job creation.
Oil and gas industry and provinces/territories: More efficient and harmonious regulatory
process.
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First Nations-led, in conjunction with INAC.
Three First Nations involved in pilot project (in conjunction with the Indian Resource Council,
representing over 130 First Nations with oil and gas interests), and Indian Oil and Gas Canada.
Participating federal departments include Environment Canada and CEAA.
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Anticipated that legislation will be introduced in early 2005–2006.
Implementation target: 2006–2007, following consultations on the development of regulations.
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Co-operation Plan for the Environmental Impact Assessment and Regulatory
Review of a Northern Gas Pipeline Project:
Designed to create a streamlined review process for the Mackenzie Gas Project.
Brings together 14 environmental assessment and regulatory authorities in NWT to minimize
duplication and delay in environmental assessment, and permit issuances needed to build a pipeline.
Key element in the construction of a pipeline and will bring significant short- and long-term
economic benefits while protecting the environment.
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Will result in a joint environmental impact assessment process that meets the requirements of
Aboriginal, territorial and federal authorities.
Includes coordinated regulatory processes and hearings, consolidated information requirements,
shared technical support resources, and a plan for public involvement.
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Canadians (in particular, Northerners): Coordinated environmental assessment process and
regulatory review.
Industry: Time savings and minimized duplication.
Regulators: Sharing and coordination of resources.
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Leads: NEB, CEAA, MVEIRB
Other participants:
- INAC
- MVLWB
- Gwich'in LWB
- Sahtu LWB
- Northwest Territories Water Board
- Environmental Impact Review Board for the Inuvialuit Settlement Region
- Joint Secretariat for the Inuvialuit Settlement Region
- Environmental Impact Screening Committee for the Inuvialuit Settlement Region
- Inuvialuit Game Council
- Inuvialuit Land Administration
- Inuvialuit Land Administration Council
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In effect until completion of Mackenzie Gas Pipeline review process: Projected, 2006.
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