ARCHIVED - Engagement Sessions on Bill C-27, First Nations Financial Transparency Act
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Overview and Rationale
The First Nations Financial Transparency Act will help ensure that First Nations have democratic, accountable and transparent governments by requiring that a First Nation prepare audited consolidated financial statements and a schedule of salaries and expenses of their chiefs and councillors, which must then be made public.
- Ensure that First Nation community members have the information necessary to make informed decisions about their leadership; and
- Create a better environment for private sector investment which could lead to greater economic development opportunities and improve the quality of life for First Nation communities.
Consultation and Engagement
Bill C-27, the First Nations Financial Transparency Act developed as a result of previous legislative initiatives. Most notably, most of the issues surrounding Bill C-27 were discussed in the context of a Private Member's Bill (C-575) in the previous Parliament, which died on the order paper in 2011. Prior to this, many of the same issues were debated in the context of Bill C-7, First Nations Governance Act introduced by the Liberal Government in 2002, which was never passed.
As well, Chief Darcy Bear of the Whitecap Dakota First Nation wrote to the Minister in November 2011 to explore possible solutions to these issues, many of which were addressed in amendments to the bill that were adopted by the Standing Committee on Aboriginal Affairs and Northern Development.
Information on Parliamentary study of Bill C-27 can be found here.
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