MISSISSAUGA — TICO has announced that it will be launching a consultation process about its funding framework and fee model proposals, including the Compensation Fund.
The process will involve both registrants and stakeholders and will be rolled out in the coming weeks.
Over the past year, TICO conducted a comprehensive funding framework review, including the Compensation Fund. As part of the review, the organization reached out to Ontario consumers, registrants and industry stakeholders for input. A comparator scan was conducted to understand practices and approaches taken by comparable travel regulatory bodies in other regions, including Quebec.
A package that outlines the proposals that came out of the review will be made available during the first week of October.
TICO will also be hosting virtual and in-person sessions to hear directly from industry members via an online survey.
For more information about the funding framework review, click here.