Tax Treatment Agreement

12  (1)  In this section, "Tax Treatment Agreement" means the tax treatment agreement referred to in clauses 22 and 23 of Chapter 20 [Taxation] of the Tsawwassen First Nation Final Agreement, substantially in the form tabled in the Legislative Assembly on or before the date this Act receives Third Reading.

(2)  The Tax Treatment Agreement

(a) is approved, given effect and declared valid, and

(b) has the force of law during the period it is in effect.

(3)  The minister charged with the administration of the Financial Administration Act is authorized to enter into the Tax Treatment Agreement on behalf of Her Majesty the Queen in right of British Columbia.

(4)  As provided in clause 58 of Chapter 2 [General Provisions] of the Tsawwassen First Nation Final Agreement, the Tax Treatment Agreement does not form part of the Tsawwassen First Nation Final Agreement and is not a treaty or land claims agreement within the meaning of section 25 or 35 of the Constitution Act, 1982.

(5)  The minister charged with the administration of this Act must publish the Tax Treatment Agreement in the Gazette.