Which piece of legislation governs TICO's operations?

The Travel Industry Act, 2002 is the key piece of legislation that governs the operations of the Travel Industry Council of Ontario (TICO). This Act was established to regulate the travel industry in Ontario, ensuring the protection of consumers and promoting fair business practices within the travel sector. It provides TICO with the authority to oversee and enforce regulations related to the licensing of travel agents and wholesalers, handling of customer funds, and compliance with industry practices.

This legislation is specifically designed to address the unique challenges and needs of the travel industry in Ontario, which sets it apart from other consumer protection laws that may cover a wider range of businesses but do not specifically target travel-related services. Therefore, it plays a critical role in maintaining the integrity and accountability of travel professionals operating within the region.