XN000022-1992-04-29 — Page 7

WEDNESDAY, APRIL 29, 1992

HE REAFFIRMED THAT THE LABOUR DEPARTMENT WOULD GIVE EVERY POSSIBLE ASSISTANCE IN FINDING ALTERNATIVE EMPLOYMENT то THOSE IMPORTED WORKERS WHO WERE DISMISSED AS A RESULT OF LAYING LEGITIMATE COMPLAINTS OR GIVING EVIDENCE AGAINST THEIR EMPLOYERS FOR

MALPRACTICES.

MR CHAN ALSO SPOKE IN THE RESUMED SECOND-READING DEBATE ON THE FACTORIES AND INDUSTRIAL UNDERTAKINGS (AMENDMENT) (NO. 2) BILL 1992.

AT

THE BILL SEEKS TO EXTEND SAFETY PROTECTION TO EMPLOYEES WORKING SMALL CONTAINER STORAGE YARDS OPERATING ON BARREN LAND IN THE NEW TERRITORIES IN THE SAME WAY AS THOSE WORKING IN CONTAINER DEPOTS.

HE SAID PROPRIETORS WOULD BE REQUIRED TO ENSURE THAT CONTAINERS WERE STACKED ON LEVEL AND FIRM GROUND AND THAT STACKING, UNSTACKING, AND THE HANDLING OF CONTAINERS WERE CARRIED OUT IN A SAFE MANNER WITH ADEQUATE SAFETY PRECAUTION,

AND

BUT RECKLESS OPERATION BY ANY EMPLOYEE THAT MAY ENDANGER HIS OWN LIFE OR THOSE OF HIS FELLOW EMPLOYEES MUST ALSO BE DISCOURAGED.

"THE LABOUR DEPARTMENT IS ALREADY PREPARING DETAILED- OPERATIONAL GUIDELINES FOR THE IMPLEMENTATION OF THE NEW PROVISIONS AND WILL CONSULT THE INDUSTRY BEFORE FINALISING THEM," MR CHAN SAID.

0

SIMPLIFIED OCCUPATIONAL RETIREMENT SCHEMES BILL INTRODUCED

A

SIMPLIFIED

TWO

VERSION OF THE OCCUPATIONAL RETIREMENT SCHEMES BILL WITH

NEW PROVISIONS ON THE REGISTRATION OF "POOLED" RETIREMENT SCHEMES AND MORE FLEXIBLE FUNDING ARRANGEMENTS FOR DEFINED BENEFIT SCHEMES WAS INTRODUCED INTO THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

THE ORIGINAL BILL THAT SOUGHT TO REGULATE PRIVATE RETIREMENT SCHEMES WAS INTRODUCED INTO THE COUNCIL LAST MAY.

MOVING THE SECOND READING OF THE BILL, THE SECRETARY FOR MONETARY AFFAIRS, MR DAVID NENDICK, SAID THE NEW BILL RETAINED ALL THE BASIC PRINCIPLES ENDORSED BY A LEGCO AD HOC GROUP LAST YEAR.

THESE PRINCIPLES ARE:

* SEPARATION OF RETIREMENT SCHEME ASSETS FROM THE EMPLOYER'S

BUSINESS;

* ADEQUATE FUNDING;

* RESTRICTIONS ON SELF-INVESTMENT;

* PROHIBITION AGAINST LOANS TO THE EMPLOYER AND HIS ASSOCIATES;

* AT LEAST ONE INDEPENDENT TRUSTEE;

* INDEPENDENT ANNUAL AUDIT;

* DISCLOSURE

APPROPRIATE;

OF INFORMATION

* PERIODIC ACTUARIAL REVIEW.

ΤΟ EMPLOYEES AND, WHERE

/MR NENDICK