Regulation BEFORE repealed by BC Reg 104/2013, effective April 1, 2013.
| B.C. Reg. 1/86 Treasury Board | Deposited January 9, 1986 |
Financial Administration Act
I.C.B.C. Tax Collection Fee Regulation
Definition
1 In this regulation, "vehicle" means a motor vehicle, a trailer, an all terrain vehicle and a snowmobile.
Fee to be retained
2 Where, on the transfer of the title or an interest of a person in a vehicle, the Insurance Corporation of British Columbia is employed in collecting, managing or accounting for the tax owing in respect of that vehicle under the Social Service Tax Act, a fee of $1.00 is authorized to be retained by the Corporation from the tax collected in respect of that vehicle.
Maximum fee retention
3 The total fees retained by the Insurance Corporation of British Columbia under this regulation in respect of any one transfer shall not exceed $1.00.
[Provisions of the Financial Administration Act, R.S.B.C. 1996, c. 138, relevant to the enactment of this regulation: section 14]