FINANCIAL DISCLOSURE REGULATION
Labour Relations Code
December 22, 2021
264/2021
For information only: Made by the Minister of Labour and Immigration (M.O. 2021- 32) on December 20, 2021 pursuant to section 24.1(5) of the Labour Relations Code. Table of Contents 1 Definition 2 Providing financial statements 3 Requirements for financial statements 4 Expiry 5 Coming into force Definition 1 In this Regulation, (a) "Act" means the Labour Relations Code; (b) "relevant fiscal year" means the fiscal year in respect of which a trade union is required to provide a financial statement under section 24.1(1) of the Act. Providing financial statements 2 A financial statement must be provided to each member (a) free of charge, and (b) in writing in a form that is (i) accessible by the member so as to be usable for subsequent reference, and (ii) capable of being retained by the member. Requirements for financial statements 3(1) A financial statement must be (a) verified by a person with sufficient knowledge of the financial affairs of the trade union as accurately disclosing the financial condition and operation of the trade union for the relevant fiscal year, and (b) signed by the person referred to in clause (a). (2) The financial statement must include information with respect to the assets, liabilities, income and expenditures of the trade union for the relevant fiscal year. Expiry 4 For the purpose of ensuring that this Regulation is reviewed for ongoing relevancy and necessity, with the option that it may be repassed in its present or an amended form following a review, this Regulation expires on February 28, 2026. Coming into force 5 This Regulation comes into force on the coming into force of section 11(7) of the Restoring Balance in Alberta's Workplaces Act, 2020.