Contents of Section

Chapter:

426 PDFTitle:OCCUPATIONAL RETIREMENT SCHEMES ORDINANCEGazette Number:
Section:47Heading:Coming into effect of cancellationVersion Date:30/06/1997

(1) A cancellation under section 45(1) shall not come into effect-

        (a) where no appeal is made in relation to it under section 46, until the period during which such an appeal may be made has expired; or
        (b) where such an appeal is made, pending determination of the appeal or, in case such appeal is withdrawn, before such withdrawal.
(2) Where the Registrar cancels the registration of a registered scheme, in order to afford an opportunity to enable the requirement of or under this Ordinance which caused him to cancel the registration to be complied with, he may defer the coming into effect of the cancellation and if so, shall give a notice in writing of deferment to the designated person and relevant employer of the scheme.
(3) The Registrar shall-
        (a) publish a notice of the coming into effect of the cancellation in at least one newspaper in the English language and one in the Chinese language circulating daily in Hong Kong;
        (b) give a notice in writing of the coming into effect of the cancellation to the relevant employer of the relevant scheme requiring him to-
          (i) cause a copy of the notice to be sent to each member of the scheme; or
          (ii) display an appropriate notice of the Registrar's notice and make the latter available for inspection by such member.
(4) Any employer who fails to comply with a requirement under subsection (3)(b) commits an offence and shall be liable on summary conviction to a fine of $10000.
(Enacted 1992)