XN000022-1991-06-07 — Page 11

FRIDAY, JUNE 7, 1991

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EMPLOYEES BETTER PROTECTED FOR SEVERANCE PAY

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THE PROTECTION OF WAGES ON INSOLVENCY (AMENDMENT) ORDINANCE 1991 COMES INTO FORCE TODAY (FRIDAY) ΤΟ GIVE BETTER COVERAGE OF SEVERANCE PAYMENT TO WORKERS WHOSE EMPLOYERS BECOME INSOLVENT.

THE ORDINANCE HAS INCREASED AN EMPLOYEE'S SEVERANCE PAYMENT ENTITLEMENT UNDER THE PROTECTION OF WAGES ON INSOLVENCY FUND FROM $1,000 TO $8,000 PLUS 50 PER CENT OF ANY AMOUNT IN EXCESS OF $8,000.

THIS ENSURES THAT' THE LOWER-PAID EMPLOYEES ARE BETTER PROTECTED FOR SEVERANCE PAYMENT.

IN ADDITION, THE FUND PROVIDES FOR THE PAYMENT OF WAGES IN ARREAR UP TO $8,000 AND UNPAID WAGES IN LIEU OF NOTICE UP TO $2,000 TO AN EMPLOYEE OF AN INSOLVENT EMPLOYER.

THE ADDITIONAL COMMITMENT OF THE FUND ARISING FROM THE EXTENDED COVER IS MET BY AN INCREASE IN LEVY ON EACH BUSINESS REGISTRATION CERTIFICATE FROM $100 TO $250 PER ANNUM.

SIMPLER FEE CHARGING SYSTEM FOR BUILDING PLAN SUBMISSIONS

THE BUILDING {ADMINISTRATION) (AMENDMENT) REGULATIONS 1991 WHICH CAME INTO OPERATION ON MARCH 28 THIS YEAR HAVE BEEN AMENDED BY A RESOLUTION OF THE LEGISLATIVE COUNCIL ON JUNE 5.

THE AMENDED REGULATIONS,

WHICH COME INTO OPERATION TODAY

(FRIDAY), WILL MAKE THE PAYMENT OF FEES SIMPLER.

OF FEES FOR AND FEES

THE ORIGINAL REGULATIONS PROVIDE FOR THE PAYMENT SUBMISSION OF PLANS TO THE BUILDING AUTHORITY FOR APPROVAL, ARE CHARGED FOR EACH SUBMISSION.

CHARGED,

WITH THE NEW AMENDMENTS, ONLY THE FIRST SUBMISSION WILL BE

THE FEE OF WHICH INCLUDES FIVE SUBSEQUENT RESUBMISSIONS,

FEES WILL AGAIN BE CHARGED FROM THE SIXTH RESURMISSION ONWARDS.

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