Current Fee Structure
| Number of Trucks | TSL Program Charge Amount – Commencing January 1, 2018 (Annual) |
| 5 to 9 trucks | $25,000 |
| 10 to 15 trucks | $35,000 |
| 16 to 20 trucks | $45,000 |
| 21 to 45 trucks | $45,000 + ($2,711 x [number of trucks over 20 trucks]) |
| 45 or more trucks | $45,000 + ($2,711 x [number of trucks over 20 trucks]) |
Bond Requirements
Part 5 — Security
Amount of security
25 The commissioner may, by order or as a condition of a licence, require a licensee to provide security in the following amounts:
(a)$250 000 if the licensee has no more than 20 truck tags;(b)$375 000 if the licensee has more than 20, but no more than 30, truck tags;
(c)$500 000 if the licensee has more than 30, but no more than 40, truck tags;
(d)if the licensee has 41 or more truck tags, an amount calculated in accordance with the following formula:
$250 000 + (A – 20) 10 x $125 000
where: the number of truck tags held by the licensee, rounded up to the next multiple of 10.
[am. B.C. Reg. 72/2015, s. 12.]
When security is realized
26 Security provided under the Act is realized by the government on the written demand of, and in the amount specified by, the commissioner, if one or more of the following occur:
(a)the licensee is the subject of a judgment or order in relation to unpaid remuneration, wait time remuneration or fuel surcharges owed to a trucker;
(b)the commissioner decides that the licensee owes a trucker unpaid remuneration, wait time remuneration or fuel surcharges;
(c)the licensee fails to pay an administrative fine within the period required under section 35
(2) [imposition of administrative fines] of the Act.
Payment from security
27 (1)The commissioner must pay out from the proceeds of security realized under section 26 [when security is realized] in the following descending order of priority:
(a)any amounts owed by the licensee to a trucker for unpaid remuneration, wait time remuneration or fuel surcharge, to the trucker;
(b)any unpaid administrative fines, to the government;
(c)any expenditures of the commissioner in connection with the realization of the security and the determination and settlement of valid claims, to the government;
(d)any remaining amount
(i)in the case of a surety bond, to the surety,
(ii)in the case of an irrevocable letter of credit, to the obligor, or
(iii)in any other case, to the person designated by the commissioner as the residual interest holder in the security.
(2)If the commissioner is unable to pay in full 2 claims that rank equal in priority under subsection (1), the commissioner must distribute the remaining amount in proportion to the size of the claim.
These materials contain information that has been derived from information originally made available by the Province of British Columbia at: http://www.bclaws.ca/ and this information is being used in accordance with the Queen’s Printer License – British Columbia available at: http://www.bclaws.ca/standards/2014/QP-License_1.0.html. They have not, however, been produced in affiliation with, or with the endorsement of, the Province of British Columbia and THESE MATERIALS ARE NOT AN OFFICIAL VERSION