PROTECTION OF WAGES ON INSOLVENCY (AMENDMENT) BILL 1988
THE SECRETARY FOR EDUCATION AND MANPOWER moved the Second Reading of 'A Bill to amend the Protection of Wages on Insolvency Ordinance'.
He said:
Sir,
I move that the Protection of Wages on Insolvency
cap (Amendment) Bill 1988 be read a second time.
cap.
न
Members will remember that in reply to
reply to a question
I said from Mr. Tam Yiu-chung in this Council on 18 May 1988,
that I would soon be proposing an amendment to the
of
on. Insolvency Wages
enable
Protection
Ordinance
to
exfgratia payments to be made from the
to be made from the Protection of Wages
on Insolvency Fund in cases where total claims against the
employer are $5,000 or less. This is the
the purpose of
present bill.
are
unpaid, provided
that
either
the
a
Section 16 of the Ordinance provides that the
Commissioner for Labour may make exfgratia payments from the Fund to an applicant whose wages or wages in lieu of notice,
both,
due and
bankruptcy or winding up petition has been presented against the employer. However, Section 6(1)(a) of the Bankruptcy
Ordinance does not allow the presentation of a bankruptcy
petition if a debt
if a debt or the total sum of debts is $5,000 or
le
or
le
less.