A2136
Ord. No. 80 of 1995
MANDATORY PROVIDENT FUND SCHEMES
MANDATORY PROVIDENT FUND SCHEMES ORDINANCE
CONTENTS
Section
Page
| PART I Preliminary | ||
| 1. | Short title and commencement ............................................................................................................................................................................................................................................................................................................ |
A2142 |
| 2. | Interpretation ............................................................................................................................................................................................................................................................................................................ |
A2144 |
| 3. | Application ............................................................................................................................................................................................................................................................................................................ |
A2148 |
| 4. | Exemptions ............................................................................................................................................................................................................................................................................................................ |
A2148 |
| 5. | Exemptions in respect of occupational retirement schemes ............................................................................................................................................................................................................................................................................................................ |
A2150 |
| PART II Mandatory Provident Fund Schemes Authority | ||
| 6. | Establishment of Mandatory Provident Fund Schemes Authority ............................................................................................................................................................................................................................................................................................................ |
A2150 |
| PART III Contributions | ||
| 7. | Establishment of a provident fund scheme and obligation to contribute ............................................................................................................................................................................................................................................................................................................ |
A2152 |
| 8. | Statutory minimum contribution ............................................................................................................................................................................................................................................................................................................ |
A2154 |
| 9. | Minimum level of income for contribution purposes ............................................................................................................................................................................................................................................................................................................ |
A2156 |
| 10. | Maximum level of income for contribution purposes ............................................................................................................................................................................................................................................................................................................ |
A2156 |
| 11. | Non-mandatory contributions ............................................................................................................................................................................................................................................................................................................ |
A2156 |
| 12. | Vesting of contributions as accrued benefits ............................................................................................................................................................................................................................................................................................................ |
A2158 |
| 13. | Preservation of accrued benefits derived from contributions ............................................................................................................................................................................................................................................................................................................ |
A2158 |
| 14. | Portability or transferability of accrued benefits ............................................................................................................................................................................................................................................................................................................ |
A2160 |
| 15. | Withdrawal of accrued benefits ............................................................................................................................................................................................................................................................................................................ |
A2160 |
| 16. | Protection of accrued benefits ............................................................................................................................................................................................................................................................................................................ |
A2162 |
| 17. | Compensation for losses in respect of accrued benefits ............................................................................................................................................................................................................................................................................................................ |
A2162 |
| 18. | Default contributions ............................................................................................................................................................................................................................................................................................................ |
A2164 |
| 19. | Powers of Authority in relation to mandatory contributions ............................................................................................................................................................................................................................................................................................................ |
A2166 |
| PART IV Mandatory Provident Fund Schemes | ||
| 20. | Approved trustees ............................................................................................................................................................................................................................................................................................................ |
A2168 |
| 21. | Registered schemes ............................................................................................................................................................................................................................................................................................................ |
A2170 |
| 22. | Trustee to maintain standards ............................................................................................................................................................................................................................................................................................................ |
A2172 |
