This enactment would establish a liability regime applicable in the event of a nuclear incident that makes operators of nuclear installations absolutely and exclusively liable for damages up to a maximum of $650 million. Operators will be required to hold financial security in respect of their liability. This amount will be reviewed regularly and may be increased by regulation. The enactment also provides for the establishment, in certain circumstances, of an administrative tribunal to hear and decide claims. Also, this enactment would repeal the current Nuclear Liability Act.
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New Nuclear Liability and Compensation Act - Bill C-5 given second reading by the House of Commons October 30, 2007
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