The Ontario government advised ACTA and the industry in December 2019, of “the status of potential changes to the regulation under the Travel Industry Act, 2002 (TIA).” Now however, despite lengthy and costly lobbying efforts by ACTA and CATO, there is apparently no intention of revising the funding model for the Compensation Fund – and, far from reducing the regulatory burden on Ontario registrants, the government is heaping on more regulations.
Source: Travel Industry Today article, January 21, 2020