XN000022-1995-06-14 — Page 39

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Part V

Clauses 33 to 38 deal with the establishment of the Mandatory Provident Fund Schemes Appeal Board, and matters relating to appeals.

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Part VI

Clauses 39 and 40 deal with the disclosure of information acquired while carrying out any function under the Bill.

Clause 41 provides for offences which may be committed by employers, self- employed persons and scheme trustees. We believe that offences in respect of mandatory contributory provident fund schemes are serious, especially where an employer may deduct the relevant employee contribution, for example, but fails to remit it to the scheme trustee within the stipulated time, and therefore the penalties provided for in clause 43 are commensurate with the gravity of the offences.

Clauses 44 and 45 enable the Governor in Council and the Authority respectively to make regulations and rules regarding a wide range of issues, for the effectual carrying out of the provisions and objects of the Ordinance, including provision for the early withdrawal of benefits, the operation of the compensation fund, the management of registered schemes and the maintenance of employees' accounts.

End/Wednesday, June 14, 1995

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Road Traffic Ordinance

Following is the speech by the Secretary for Transport, Mr Haider Barma, in moving the motion in the Legislative Council today (Wednesday) regarding the number of public light buses as specified in the Road Traffic Ordinance:

Mr President,

I move the motion standing in my name on the Order Paper.

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