“We have listened to Saskatchewan people and are making these changes because of what we heard,” Morgan said in a news release.
“Saskatchewan people were concerned about this legislation and the potential sale of even a small stake in a Crown corporation.”
Passed in April, Bill 40 would’ve allowed the province to sell off up to 49 per-cent of a Crown, such as SaskTel.
The bill was met with months of protest and even anger from people around the province.
- SaskTel pensioners worried about potential sale of Crown corporation
- Controversial legislation allowing for partial sale of Sask. Crowns repealed
The province says The Interpretation Act, 1995 is being amended to repeal the recently-added definition of “privatize” and to repeal the ability to add additional methods of transfer of control that would constitute privatization by regulation.
Morgan says this allows the province to avoid another piece of legislation.
“We think there may be a reason for doing that at some point in the future for something else,” Morgan said. “Winding up is different than a sale. There may be some reason why something has become necessary or redundant and we don’t have to come back to work on another piece of legislation.”
The Sask. Party says they made their decision based on what they have heard from the people of the province.
Bill 40 originally passed in April.