XN000022-1993-06-02 — Page 24

WEDNESDAY, JUNE 2, 1993

11

ΤΟ PROVIDE BETTER

WHO

HAS

GIVEN

PROTECTION TO AN EMPLOYEE EVIDENCE OR INFORMATION AGAINST HIS EMPLOYER TO THE AUTHORITIES CONCERNED IN CONNECTION WITH THE ENFORCEMENT OF THE EMPLOYMENT ORDINANCE OR BREACHES OF WORK SAFETY REGULATIONS, THE BILL ALSO PROPOSES THAT THE COURT OR MAGISTRATE BE EMPOWERED TO ORDER THE EMPLOYER TO PAY COMPENSATION TO HIS EMPLOYEE SHOULD HE BE CONVICTED.

THE COMPENSATION SHOULD BE IN ADDITION TO ANY FINE IMPOSED THE COURT OR THE MAGISTRATE.

BY

THE LAST

AMENDMENT

PROPOSED IN THE BILL IS ΤΟ EXPAND THE DEFINITION OF "COMMISSIONER" TO INCLUDE THE DEPUTY AND ASSISTANT COMMISSIONERS FOR LABOUR SO AS TO ENABLE THEM TO EXERCISE THE POWERS OF THE COMMISSIONER UNDER THE EMPLOYMENT ORDINANCE.

DEBATE ON THE BILL WAS ADJOURNED.

INLAND REVENUE (AMENDMENT) (NO. 4) BILL 93

REVENUE ORDINANCE

A BILL PROPOSING AMENDMENTS TO THE INLAND TO TIE IN WITH THE PRUDENTIAL REGULATION OF PRIVATE SECTOR RETIREMENT SCHEMES IN HONG KONG WAS INTRODUCED INTO THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

MOVING THE SECOND READING OF THE INLAND REVENUE (AMENDMENT} (NO. 4) BILL 1993, THE ACTING SECRETARY FOR THE TREASURY, MR KWONG KI- CHI, EXPLAINED THAT THE COMMISSIONER OF INLAND REVENUE'S ROLE AS THE APPROVING AUTHORITY FOR RETIREMENT SCHEMES WOULD, IN FUTURE, BE TAKEN OVER BY THE COMMISSIONER OF INSURANCE.

OCCUPATIONAL

THE AMENDMENTS ALSO ENSURE THAT RECOGNISED RETIREMENT SCHEMES WILL CONTINUE TO ENJOY THE TAX BENEFITS AND EXEMPTIONS TO WHICH THEY ARE CURRENTLY ENTITLED, HE SAID.

THE BILL ALSO PROVIDES FOR APPROPRIATE ARRANGEMENTS.

TRANSITIONAL

MR KWONG SAID THE OPPORTUNITY HAD BEEN TAKEN ΤΟ INTRODUCE CERTAIN MINOR ANTI-AVOIDANCE PROVISIONS IN RELATION ΤΟ RETIREMENT SCHEMES AND TO EMPOWER THE COMMISSIONER OF INLAND REVENUE ΤΟ ISSUE NOTICES OF ASSESSMENT BY ORDINARY (AS OPPOSED TO REGISTERED) POST.

IN DECEMBER 1992, THE LEGISLATIVE

OCCUPATIONAL RETIREMENT SCHEMES ORDINANCE.

DEBATE ON THE BILL WAS ADJOURNED.

0

COUNCIL

ENACTED

/12

THE