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Financial services monthly wrap-up: October 2024
In October 2024, the Australian Securities and Investments Commission (ASIC) was successful in its action against a life insurer in relation to misleading statements.
Manitoba has adopted legislation that makes it easier for workers to unionize and shifts the balance of power in work stoppages toward unions and away from employers.
Manitoba’s Bill 37: The Budget Implementation and Tax Statutes Amendment Act, 20241 received royal assent on November 8, 2024, and came into force as of that date.
Bill 37’s amendments to Manitoba’s The Labour Relations Act (the Act) include:
In a “mandatory vote” jurisdiction a union must first collect a threshold percentage of membership evidence and then succeed on a secret ballot vote among all workers in a proposed bargaining unit. This allows all workers to weigh in, it allows workers who have signed a membership card to change their minds, and affords employers a brief period to express their views on unionization. Manitoba unions will not face this hurdle.
The Bill 37 amendments are part of larger, cross-Canada trends in labour legislation.
Changes to union certification laws often follow the leanings of government. After an election, business-friendly governments may change card-check laws to mandatory vote laws. Union-friendly governments may do the opposite. The most recent such change occurred in British Columbia in 2022, when that province moved to a card-check model. Manitoba itself moved away from a card-check model to a mandatory vote model in 2016.
Replacement worker bans may be an emerging trend in Canadian labour laws. For decades, only Quebec and British Columbia had such rules in place. Now, in 2024, both the federal government and now Manitoba have passed legislation adopting such bans. The federal replacement worker ban comes into effect on June 20, 2025. Whether other jurisdictions follow suit remains to be seen.
It also remains to be seen whether the appetite for union-empowering legislation will survive in the face of prominent labour disruptions. Recent work stoppages, including those at Canadian ports, have highlighted the economic risk brought on by labour disputes. These risks may give legislators pause in advancing changes to labour legislation.
Norton Rose Fulbright Canada publishes frequent updates on changes to labour laws in Canada. See the following legal updates for more information on similar legislative changes across Canada:
Publication
In October 2024, the Australian Securities and Investments Commission (ASIC) was successful in its action against a life insurer in relation to misleading statements.
Publication
Manitoba has adopted legislation that makes it easier for workers to unionize and shifts the balance of power in work stoppages toward unions and away from employers.
Publication
EU Member States may allow companies from countries that have not concluded an agreement guaranteeing equal and reciprocal access to public procurement (public procurement agreement) with the EU to participate in public tenders, provided there is no EU act excluding the relevant country.
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