-5
SATURDAY, FEBRUARY 5, 1977
THREE AMENDMENT ORDINANCES COME INTO FORCE
*******
WORKERS ARE GIVEN BETTER PROTECTION IN THE EVENT OF BANKRUPTCY OF AN EMPLOYER OR LIQUIDATION OF A COMPANY UNDER THE THREE NEWLY ENACTED AMENDMENT ORDINANCES PUBLISHED IN THE GOVERNMENT GAZETTE YESTERDAY (FRIDAY).
THE THREE AMENDMENT ORDINANCES WHICH TAKE IMMEDIATE EFFECT ARE THE COMPANIES (AMENDMENT) ORDINANCE, THE BANKRUPTCY (AMENDMENT) ORDINANCE AND THE WORKMEN'S COMPENSATION (AMENDMENT) ORDINANCE.
THE FIRST TWO AMENDMENT ORDINANCES CONTAIN PROVISIONS THAT MAKE CLAIMS FOR WAGES IN LIEU OF NOTICE RANK EQUAL IN PRIORITY WITH THE PAYMENT OF WAGES AND SALARY, STATUTORY CROWN DEBTS AND SEVERANCE PAY IN THE EVENT OF LIQUIDATION OF A COMPANY OR BANKRUPTCY OF A BUSINESS. THE CEILING FOR SUCH CLAIMS HAS BEEN SET AT $2,000 THE SAME AS THE PRESENT MONTHLY WAGE CEILING FOR NON-MANUAL EMPLOYEES COVERED BY THE EMPLOYMENT ORDINANCE.
THE TWO AMENDMENT ORDINANCES ALSO INCREASE THE MAXIMUM LIMIT FOR PRIORITY PAYMENT OF WAGES AND SALARY OR SEVERANCE PAY FOR AN EMPLOYEE FROM THE FORMER CEILING OF $6,000 TO $8,000. THIS NEW CEILING WILL, HOWEVER, COME INTO EFFECT FROM APRÍL 1, THIS YEAR. THE TWO AMENDMENT ORDINANCES ALSO HAVE THE EFFECT OF INCORPORATING INTO THE BANKRUPTCY ORDINANCE AND COMPANIES ORDINANCE THE FORMER PROVISIONS CONTAINED IN THE WORKMEN'S COMPENSATION ORDINANCE CONCERNING PRIORITY PAYMENT FOR WORKMEN'S COMPENSATION.
THE THIRD LEGISLATION, THE WORKMEN'S COMPENSATION (AMENDMENT} ORDINANCE, MERELY REPEALED THE PROVISIONS ON PRIORITY PAYMENT FOR WORKMENS' COMPENSATION SINCE THESE HAVE NOW BEEN INCORPORATED INTO THE COMPANIES ORDINANCE AND BANKRUPTCY ORDINANCE.
CHANGE OF BUSINESS HOURS AT POST OFFICES
******
THE BUSINESS HOURS OF FOUR POST OFFICES
ISLAND AND TWO IN KOWLOON
(FEBRUARY 8).
TWO ON HONG KONG
WILL BE CHANGED AS FROM TUESDAY
THEY ARE THE WAH FU, WONG CHUK HANG, HO MAN TIN AND LAM TIN POST OFFICES.
THE NEW BUSINESS HOURS ARE 9 A.M. - 1 P.M. AND 2.30 P.M. 5 P.M. ON WEEKDAYS AND 9 A.M. - 1 P.M. ON SATURDAYS.
No comments yet.
Private notes are available after approval.