D 14
[Subsidiary]
Transfer of teachers from subsidized schools to grant schools and vice versa.
(Cap. 279, sub. leg.)
Accounts.
CAP. 279] Subsidized Schools Provident Fund Rules
[1982 Ed.
15. (1) In any case in which a teacher employed in a subsidized school after the commencement of these rules terminates his employment in such subsidized school and commences employment in a grant school, without break in teaching service otherwise than such break as the Director may approve, such teacher shall have the option, on application to the Board, of—
(a) having his account closed in accordance with the provisions of rule 13 and receiving payment in accordance with the provisions of rule 14; or
(b) having his account kept open in accordance with the provisions of rule 13(3); or
(c) having his account transferred to the Grant Schools Provident Fund.
(2) In any case in which after the commencement of these rules a contributory teacher's employment in a grant school is terminated and his account in the Grant Schools Provident Fund is transferred to the Subsidized Schools Provident Fund, the treasurer shall open a contributor's account in the Subsidized Schools Provident Fund in such teacher's name and shall credit thereto the account so transferred; and such teacher shall for all purposes thereafter be deemed to have been a contributor to the Subsidized Schools Provident Fund with effect from the commencement of his continuous contributory service within the meaning of the Grant Schools Provident Fund Rules.
(3) For the purpose of this rule, the expression "without break in teaching service" means continuity of teaching employment in either a subsidized school or a grant school, as the case may be, subject only to change of employment from one such school to another such school in the course of an unbroken academic year's teaching service.
16. (1) The treasurer shall, with the assistance of such persons as the Director of Accounting Services may require, cause proper accounts to be kept of all transactions of the Fund including a separate account for each contributor, and shall cause to be prepared for every period of 12 months ending 31 August in each year a statement of the accounts of the Fund, which statement shall include an income and expenditure account and a balance sheet and shall be signed by the Chairman and the treasurer.
(2) The accounts of the Fund and the signed statement of the accounts shall be audited by an auditor appointed by the Governor who shall certify the statement subject to such report, if any, as he may think fit.
(3) A copy of the signed and audited statement of accounts together with the auditor's report, if any, shall be placed before the Board at the annual general meeting of the Board next following the ...
D 14
[Subsidiary]
Transfer of teachers from subsidized
schools to grant schools and
vice versa.
(Cap. 279, sub. leg.)
Accounts.
CAP. 279] Subsidized Schools Provident Fund Rules
[1982 Ed.
15. (1) In any case in which a teacher employed in a sub- sidized school after the commencement of these rules terminates his employment in such subsidized school and commences employ- ment in a grant school, without break in teaching service otherwise than such break as the Director may approve, such teacher shall have the option, on application to the Board, of-
(a) having his account closed in accordance with the pro- visions of rule 13 and receiving payment in accordance with the provisions of rule 14; or
(b) having his account kept open in accordance with the
provisions of rule 13(3); or
(c) having his account transferred to the Grant Schools
Provident Fund.
(2) In any case in which after the commencement of these rules a contributory teacher's employment in a grant school is terminated and his account in the Grant Schools Provident Fund is transferred to the Subsidized Schools Provident Fund, the treasurer shall open a contributor's account in the Subsidized Schools Provident Fund in such teacher's name and shall credit thereto the account so trans- ferred; and such teacher shall for all purposes thereafter be deemed to have been a contributor to the Subsidized Schools Provident Fund with effect from the commencement of his continuous con- tributory service within the meaning of the Grant Schools Provident Fund Rules.
(3) For the purpose of this rule, the expression "without break in teaching service" means continuity of teaching employment in either a subsidized school or a grant school, as the case may be, subject only to change of employment from one such school to another such school in the course of an unbroken academic year's teaching service.
16. (1) The treasurer shall, with the assistance of such persons as the Director of Accounting Services may require, cause proper accounts to be kept of all transactions of the Fund including a separate account for each contributor, and shall cause to be pre- pared for every period of 12 months ending 31 August in each year a statement of the accounts of the Fund, which statement shall include an income and expenditure account and a balance sheet and shall be signed by the Chairman and the treasurer.
(2) The accounts of the Fund and the signed statement of the accounts shall be audited by an auditor appointed by the Governor who shall certify the statement subject to such report, if any, as he may think fit.
(3) A copy of the signed and audited statement of accounts together with the auditor's report, if any, shall be placed before the Board at the annual general meeting of the Board next following the
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