Page:Mandatory Provident Fund Schemes Ordinance (Cap. 485).pdf/9

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A2152
Ord. No. 80 of 1995
MANDATORY PROVIDENT FUND SCHEMES
(f) to perform such other functions as are imposed on the Authority under this or any other Ordinance.

(3) The Authority may make and publish in the Gazette or otherwise guidelines, for the guidance of employers, employees, self-employed persons, trustees and other persons concerned with registered schemes, which guidelines may include guidance as to how the Authority proposes or intends to exercise the Authority’s functions under this Ordinance.

(4) The Governor may give directions generally or in any particular case with respect to the exercise by the Authority of the Authority’s functions and the Authority shall comply with such directions.

(5) In the absence of any appointment under subsection (1), the Financial Secretary, or in his absence or incapacity, his representative shall be the Authority.

PART III
Contributions

7. Establishment of a provident fund scheme and obligation to contribute

(1) Subject to subsection (2), every employer shall secure in writing the obligation of the approved trustee of a registered scheme to receive for the benefit of all the relevant employees of the employer concerned the statutory minimum contributions in respect of those relevant employees (who have been in his employ for a period of not less than 60 days).

(2) Where the relevant employee of an employer referred to in subsection (1) has been in the employ of that employer for a period of 60 days or more—

(a) the employer shall contribute to the registered scheme in accordance with this section for the whole period of the employment of that relevant employee, including the first 60 days of that employment; and
(b) the relevant employee’s contribution shall apply to the whole period of the employment of that relevant employee, excluding the first 30 days of that employment.

(3) Every employer shall—

(a) subject to section 10, contribute to the registered scheme from his own resources a sum (“employer’s contribution”) equivalent to the percentage contribution specified in Part I of Schedule 4 in respect of the relevant income of each relevant employee in his employ;