Bill C-230 aims to amend the Financial Administration Act to establish a debt forgiveness registry. This registry would be used to record information about debts forgiven by the government, thereby ensuring greater transparency and improved management of public finances.

Key provisions of the bill include the requirement for government departments and agencies to report forgiven debts to this registry. The bill also outlines verification and reporting mechanisms to ensure the accuracy and regular updating of the information contained in the registry.

In addition to amending the Financial Administration Act, the bill makes consequential amendments to other Acts to support the effective implementation and administration of the debt forgiveness registry.

Government departments and agencies will be primarily affected by this bill, as they will need to comply with the new reporting and management requirements for forgiven debts. Citizens and interested entities will be able to access the registry to obtain information on forgiven debts.