By Energeticcity.ca staff
B.C.’s forestry minister says the outdated Woodwork Lien Act will be replaced with new regulations.
Pat Bell made the announcement on Thursday afternoon.
The new Forestry Service Providers Protection Act aims to protect forestry contractors, by establishing a "Forestry Service Providers Compensation Fund” that will enable contractors to apply for money if they don’t get paid.
Bell used the example of the MacKenzie Pope & Talbot mill. He says when the mill closed in 2007 some logging contractors didn’t receive payment for their services.
Contributions to the fund will be collected through levies and other means.
Contractors will also be able to register liens under the Personal Property Security Act to ensure they receive their payment.
A statement issued by the Province on Thursday, indicates the fund will be administered arm’s length from government.
The act is expected to come in force through regulation.