XN000022-1994-06-30 — Page 22

THURSDAY, JUNE 30, 1994

20

H

SUCH BUSINESS FALLS WITHIN THE DEFINITIONS OF CLASSES G AND LONG-TERM BUSINESS IN THE INSURANCE COMPANIES ORDINANCE AND IS ILLEGAL BECAUSE IT IS NOT CONDUCTED BY AN INSURER.

OF

"UNDER THE OCCUPATIONAL RETIREMENT SCHEMES ORDINANCE, OCCUPATIONAL RETIREMENT SCHEMES MAY HOWEVER CONTINUE UNTIL EXPIRY THE TWO-YEAR GRACE PERIOD ON OCTOBER 15, 1995, BY WHICH TIME THEY MUST HAVE BEEN REGISTERED OR EXEMPTED, OR AN APPLICATION FOR THEIR REGISTRATION OR EXEMPTION MUST AWAIT DETERMINATION, HE SAID.

ΤΟ HARMONISE THE INSURANCE COMPANIES ORDINANCE WITH THE OCCUPATIONAL RETIREMENT SCHEMES ORDINANCE, THE INSURANCE COMPANIES ORDINANCE (AMENDMENT OF FIRST SCHEDULE) REGULATION 1994 LIMITS THE APPLICATION OF THE DEFINITION OF CLASSES Ģ AND H BUSINESS IN THE FIRST SCHEDULE TO THE INSURANCE COMPANIES ORDINANCE TO RETIREMENT SCHEMES OPERATED BY AUTHORISED INSURERS BEFORE OCTOBER 15, 1995, THAT IS THE COMMENCEMENT DATE OF THE OCCUPATIONAL RETIREMENT SCHEMES ORDINANCE.

AFTER THAT DATE, APPLICATION OF THE DEFINITION WILL BE EXTENDED TO ALL RETIREMENT SCHEMES, EXCEPT SCHEMES OPERATED UNDER A TRUST BY A TRUSTEE AND SCHEMES THAT ARE DEEMED BY THE INSURANCE AUTHORITY UNDER THE NEW REGULATION NOT TO BE RETIREMENT SCHEMES FOR THE

OF

THE INSURANCE COMPANIES ORDINANCE.

PURPOSES

THE REGULATION ALSO EMPOWERS THE INSURANCE AUTHORITY TO SPECIFY IN THE GAZETTE THAT CERTAIN OCCUPATIONAL RETIREMENT SCHEMES THAT ARE NEITHER GOVERNED BY TRUST NOR ADMINISTERED BY |

INSURERS ARE EXEMPTED FROM THE AMBIT OF THE INSURANCE COMPANIES ORDINANCE.

—

MORE COMMUNITY SUPPORT SERVICES FOR ELDERLY

THE

SOCIAL

COMMUNITY SUPPORT

WELFARE SERVICES

DEPARTMENT HAS PLANS TO PROVIDE MORE

THE NEXT FOR THE ELDERLY WITHIN

THREE

FINANCIAL YEARS.

THIS IS STATED BY THE DIRECTOR OF SOCIAL WELFARE, STRACHAN, WHEN HE OFFICIATED AT THE OPENING CEREMONY OF THE TONG NG KAM YUK MEMORIAL SOCIAL CENTRE FOR THE ELDERLY IN TODAY (THURSDAY).

36

MR

IAN

YAN

ΟΙ

TUEN

MUN

CENTRES,

OF

14 MULTI-SERVICE CENTRES

MR STRACHAN SAID THESE SERVICES INCLUDED THE ESTABLISHMENT ADDITIONAL HOME

SOCIAL HELP TEAMS, 51 ADDITIONAL

ADDITIONAL ADDITIONAL DAY CARE CENTRES AND 11 FOR THE ELDERLY.

FOR THE

"BY 1997, THERE WILL BE 120 HOME HELP TEAMS, 246 SOCIAL CENTRES, 32

CENTRES DAY CARE CENTRES AND 32 MULTI-SERVICE ELDERLY, HE SAID.

ELDERLY,

MR STRACHAN IN RESPECT OF WELFARE SERVICES FOR THE

OF THE GOVERNMENT'S EXPLAINED THAT ONE

POLICY OBJECTIVES WAS TO PROMOTE THE WELL-BEING OF SENIOR CITIZENS THROUGH CARE IN THE COMMUNITY.

/"SOCIAL CENTRES