1964_INDUSTRIAL_TRAINING_(CLOTHING_INDUSTRY)_ORDINANCE — Page 9

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Staff benefits.

CAP. 318] Industrial Training (Clothing Industry)

13. (1) The Authority may-

[1986 Ed.

(a) grant, or make provision for the grant of, pensions, gratui-

ties and retirement benefits to its employees;

(b) provide other benefits for the welfare of its employees and

their dependants;

(c) make payments, whether ex gratia or legally due, to the personal representative of a deceased employee or to any person who was dependent on such employee at his death. (2) The Authority may establish, manage and control or enter into an arrangement with any company or association for the establishment, management and control by such company or associa- tion either alone or jointly with the Authority of any fund or scheme for the purpose of providing for the pensions, gratuities, benefits and payments referred to in subsection (1).

(3) The Authority may make contributions to any fund or scheme referred to in subsection (1) and may require its employees to make contributions thereto.

(4) In this section “employees" includes any class of employee which the Authority may specify and in subsection (1) includes former employees.

PART III

Funds and property of the Authority.

Estimates and financial year.

FINANCIAL PROVISIONS

14. The funds and property of the Authority shall consist of---

subject to section 27(2), all amounts of levy and surcharge collected by the Commissioner; (Amended, L.N. 294/82)

(a)

(b) any moneys received by the Authority by way of grants,

loans, donations, fees, rent or interest;

(c) all moneys derived from the sale of any property held by or

on behalf of the Authority; and

(d) all other moneys and property lawfully received by the

Authority for its purposes.

15. (1) In each financial year, before a date to be appointed by the Governor, the Authority shall submit to the Governor a programme of its proposed activities and estimates of its income and expenditure for the next financial year:

Provided that the programme and estimates for the first finan- cial year of the Authority shall be forwarded as soon as is practicable after the commencement of this Ordinance.

(2) The Authority may, from time to time, with the prior approval of the Governor, fix a period to be the financial year of the Authority.