Log In

Reset Password

Aviation Authority Act amended

Lawrence Scott, the Minister of Tranport (File photograph by Akil Simmons)

The Bermuda Civil Aviation Authority can carry out some of its banking overseas after a law change.

MPs agreed on Friday in the House of Assembly to allow the authority, which oversees safety and regulation for Bermuda-registered aircraft, to place its cash for day-to-day operations in interest-bearing bank accounts both on the island and overseas.

The time for the authority to deliver its annual report on the operating fund, after receiving the auditor’s report, has also been increased from 30 to 60 days.

Lawrence Scott, the transport minister, said 60 days gave the authority “a more practical time frame” to prepare its reports.

In response to questions from Opposition MP Scott Pearman, Mr Scott said the use of overseas banks would not be retroactive.

He added there was “no intent I am aware of to have funds overseas”.

But he told the House the legislation would allow the authority to do so “if they felt that was the best move”.

You must be Registered or to post comment or to vote.

Published July 06, 2021 at 7:47 am (Updated July 05, 2021 at 9:14 pm)

Aviation Authority Act amended

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon