delete Crown Corporation General Regulations, 1995
Regulation provides exemptions and special rules for Crown corporations under the Financial Administration Act, covering borrowing approvals, property disposal, executive compensation, and reporting requirements, with specific carve-outs for Canada Growth Fund and Trans Mountain pipeline operations.
Maintains a two-tier system where government businesses operate under different rules than private enterprise, creating unfair competition, market distortions, and regulatory complexity. Exemptions from borrowing controls and property sale requirements reduce financial discipline, while special executive compensation rules perpetuate government interference. Hidden costs include misallocated capital, suppressed private sector dynamism, and the entrenched existence of Crown corporations that crowd out genuine market competition.