Hong Kong Ordinances

EMPLOYEES RETRAINING ORDINANCE - SECT 6

Employees Retraining Fund

PART III

FINANCIAL PROVISIONS

(1) There is established a fund to be known as the Employees Retraining Fund
which is vested in the Board.

(2) The Fund shall be used to make provision for the payment of
retraining allowances in respect of trainees attending retraining courses or
supplementary retraining programmes and to defray the costs of those courses
and programmes. (Amended 102 of 1994 s. 7)

(3) The Fund shall consist of-

   (a)  subject to any fees that may be charged under section 30, all amounts
        of levy imposed under section 14(1) and remitted to and received by
        the Board;

   (b)  all other moneys, including grants, loans, fees, and interest from
        whatever source paid to and received by the Board for or in connection
        with the carrying out of its functions;

   (c)  interest and other income derived from the moneys and investments
        included in the Fund;

   (d)  all moneys received by the Board as gifts; and

   (e)  all other moneys lawfully paid to and received by the Board including
        any moneys provided by the Government for the purposes of the Fund.
        (Enacted 1992)