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B.C. Reg. 163/2022, deposited July 11, 2022, under the FOREST ACT [section 151]. Order in Council 411/2022, approved and ordered July 11, 2022.
On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that the Annual Rent Regulation, B.C. Reg. 122/2003, is amended
(a) in section 1 by adding the following definition:
"reduced volume condition" means a condition on a licence that, under section 14 (1) (g.2) of the Act, reduces a portion of the allowable annual cut available to the holder of the licence; , and
(b) in section 1.1 by renumbering the section as section 1.1 (1) and by adding the following subsection:
(2) Despite subsection (1), the holder of a licence with a reduced volume condition must pay an amount that corresponds to the portion of the allowable annual cut that is not reduced by the reduced volume condition.
— K. CONROY, Minister of Forests; M. MARK, Presiding Member of the Executive Council.
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