Hong Kong Ordinances

OCCUPATIONAL RETIREMENT SCHEMES ORDINANCE - SECT 28

Periodic fee for registered schemes

(1) The relevant employer of a registered scheme shall pay to the Registrar in
respect of that scheme a prescribed fee which is a periodic fee as may be
appropriate in respect of-

   (a)  each period of 12 months during which the scheme continues to be a
        registered scheme and beginning on the first or any subsequent
        anniversary of its registration; and

   (b)  part of such a period.

(2) A periodic fee payable under subsection (1) shall be paid to the Registrar
not later than 1 month after the first day of the period in respect of which
it is payable.

(3) Where a periodic fee is not paid in accordance with subsection

(2), there shall be chargeable upon the unpaid fee a surcharge equal to the
amount of such unpaid fee which shall be paid together with such unpaid fee to
the Registrar not later than 2 months after the first day of the period in
respect of which the unpaid fee is payable. (Enacted 1992)