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A-10, r. 1 - Regulation respecting travel agents
Section 29.1
Disposition versions
29.1. An outfitter holding a restricted licence who deposits an additional security to the president the amount of which is based on the amount of sales subject to the contribution to the fund appearing in the certificate required under the second paragraph of section 8.1 is exempt from the obligation referred to in section 33 of the Act to transfer funds collected on account of a third person in trust; the amount is set as follows:
| AMOUNT OF INDIVIDUAL SECURITY OF EXEMPTED OUTFITTER | |
| AMOUNT OF SALES | SECURITY |
| Up to $0.5M | $40,000 |
| Up to $2M | $80,000 |
| Up to $5M | $120,000 |
| Over $5M | $160,000 |
