A-33.02, r. 2 - Regulation respecting the limit on the number of credits that may be used by a motor vehicle manufacturer and the confidentiality of some information

Section 4.1 Disposition versions

2023-10-05

4.1. For the purposes of the first paragraph of section 9 of the Act, the number of credits accumulated through the sale or lease of motor vehicles in excess of that which a motor vehicle manufacturer had to accumulate and that were not used or alienated to fulfill its obligations under the Act or the regulations at the end of the period of 3 consecutive calendar years 2022 to 2024 referred to in section 8 of the Act, which covers the group of 3 model years 2022 to 2024, is divided by 2.7.

The Minister performs the division on the expiry of the time limit provided for in the second paragraph of section 1 or, if the manufacturer submits an application in accordance with the same paragraph of section 1, when the decision of the Minister in this regard becomes enforceable.

M.O. 2023-0005, s. 5.