TNAG-1810-FCO40-2571-Hong-Kong-University-of-Science-and-Technology-University-o-1988 — Page 94

A472

Ord. No. 73/88

Annual report

OCCUPATIONAL SAFETY AND HEALTH COUNCIL

(a) to have access to all books of account, vouchers and other records

of the Council; and

(b) to require such information and explanation,

as he considers necessary to discharge his function.

(2) The auditor shall, as soon as is practicable and in any case not later than 4 months after the close of each financial year, audit the accounts required by section 10 and shall submit a report on the accounts to the Council.

12. The Council shall, not later than 9 months, or such longer time as the Governor may determine, after the close of each financial year submit-

(a) a report on the activities and affairs of the Council for that year;

(b) a copy of its statements of the accounts therefor; and

(c) the auditor's report on the accounts,

to the Governor who shall cause the same to be laid on the table of the Legislative Council.

Imposition of levy

Insurer to

PART IV

LEVY AND FINANCIAL CONTRIBUTION

13. (1) A levy, to be known as the Occupational Safety and Health Council levy, shall be payable on every premium payable by an employer on an insurance policy.

(2) The Governor in Council may by order prescribe the rate of the levy.

(3) Subject to subsection (4), the rate of levy prescribed under subsection (2) shall come into effect 60 days after the publication of the order in the Gazette.

(4) The rate of levy first prescribed under subsection (2) after the coming into operation of this Ordinance shall come into effect 30 days after the publication of the order in the Gazette.

14. (1) Where a levy is payable on a premium by an employer under receive levy and section 13 the employer shall pay the levy to the insurer or its agent at the time of paying the premium and the insurer or its agent, as may be appropriate, shall receive the levy.

remit to

Council

(2) Where an employer pays to the agent of an insurer an amount of premium together with the levy payable thereon at the prescribed rate, the insurer shall be deemed to have received the levy and shall deal with it according to subsection (3).

(3) Subject to subsection (4), an insurer who has received any levy or who is deemed under subsection (2) to have received any levy shall, not later than 2 months after the end of each quarterly period of the financial year, remit to the Council all the levy received or deemed to be received during the quarterly period.