Contents of Section

Chapter:

426 PDFTitle:OCCUPATIONAL RETIREMENT SCHEMES ORDINANCEGazette Number:
Section:55Heading:Saving of bona fide transactions, etc.Version Date:30/06/1997

Nothing in section 52, 53 and 54 shall invalidate-

        (a) any payment of benefit to a member of an occupational retirement scheme under the scheme before the commencement of the winding up of the scheme; or
        (b) any bona fide contract, dealing or transaction made over any asset of the scheme for valuable consideration.
(Enacted 1992)