XN000022-1996-11-06 — Page 35

End

- 18

(C) Occupational Deafness (Compensation) Ordinance

(i)

Setting up a compensation scheme for workers suffering from occupational deafness (effective on 1.6,95)

(D) Protection of wages on Insolvency Ordinance

(

Increasing the amount of ex-gratia payment payable in respect of severance payment from $8,000 plus 50% of excess entitlement to $24,000 plus 50% of excess entitlement

(effective on 21.7.95)

(i) Increasing maximum limit of ex-gratia payments on

arrears of wage, for wages in lieu of notice and SP (effective on 2.2.96)

0.02%

Negligible*

Total:

0.25%

Note: (*)

No additional cost implications involved as the changes did not result in a need to raise the annual levy of $250 on each business registration certificate.