1957-HKRS30-8-47_Part01 — Page 48

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INLAND REVENUE ORDINANCE. (Chapter 112).

INLAND REVENUE (RETIREMENT SCHEME) RULES, 1957-

In exercise of the powers conferred by section 85 of the Inland Revenue Ordinance, We, the Board of Inland Revenue, hereby make the following rules-

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1. These rules may be cited as the Inland Revenue (Retire- Citation. ment Scheme) Rules, 1957.

2. In these rules-

Inter- pretation.

"retirement scheme" includes provident fund.

tion.

3. (1) An application for the approval of a retirement Applica- acheme for the purposes of the Ordinance shall be made in writing to the Commissioner and shall set out the full details of the retirement scheme.

(2) The applicant for such approval shall furnish the Com- missioner with such further information relating to the retirement scheme as the Commissioner may require.

4. The requirements for the approval of any retirement Require scheme for the purposes of section 87A of the Ordinance shall ments. be the requirements set out in the Schedule:

Provided that such requirements shall not apply for the pur- puses of approval at any time before the 31st March, 1958, in the case of any retirement scheme in existence and operating at the coming into operation of these rules.

Schedule.

5. If the terms or conditions of any retirement scheme are Alteration altered at any time after an application for approval thereof has of retire- been made, any approval thereof given by the Commissioner schemes. shall-

(a) where such alteration was made after the approval was given, be deemed to have been withdrawn at the time of such alteration; or

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