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Rules on Minor Employment Claims Adjudication Board gazetted
A Minor Employment Claims Adjudication Board (MECAB) has been established in the Labour Department to determine employment claims involving not more than five claimants whose amount of claim will not exceed $5,000 each.
A set of rules prescribing the procedures and practices of the Board is published in the Gazette today (Friday) to enable it to commence operation.
The rules are generally modelled on the Labour Tribunal Rules to allow the Board to function in a quick and informal manner.
The MECAB (General) Rules provide for the setting up of a Registry and the procedures involving the transfer of claims, leave to appeal, hearing of appeals, and registration of awards and orders in the District Court.
The MECAB (Fees) Rules prescribe the form of payment and the amount of fees for claims, reviews and appeals.
The MECAB (Suitors' Funds) Rules provide for the payment of funds into and
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out of the Board. The rules also provide for an annual statement of accounts to be prepared in respect of the funds.
End/Friday, December 23, 1994
Bill ensures prudent management of Exchange Fund
The Government has proposed to modernise certain provisions in the Exchange Fund Ordinance to enhance the robustness of the legal framework for monetary management and for the prudent management of the Exchange Fund.
Details of the proposed legislation were contained in the Exchange Fund (Amendment) Bill 1994 which was published in the Gazette today (Friday).
A Government spokesman said the proposals were made to take into account the changes in Hong Kong's monetary system and international financial markets over the past years.