Hong Kong Ordinances

MANDATORY PROVIDENT FUND SCHEMES ORDINANCE - SECT 6

Establishment of Mandatory Provident Fund Schemes Authority

PART II

MANDATORY PROVIDENT FUND SCHEMES AUTHORITY

(1) There is established by this section a corporation with the
corporate name of "Mandatory Provident Fund Schemes Authority".

(2) The Authority-

   (a)  has perpetual succession; and

   (b)  may take legal proceedings and be proceeded against in its corporate
        name; and

   (c)  may, for the purpose of enabling it to exercise or perform its
        functions-

        (i)    acquire, hold and dispose of real and personal property; and

        (ii)   enter into and carry out, any agreement with the Government for
               the management and control by the Authority of any property
               held, or managed and controlled, by the Government; and

        (iii)  enter into and carry out, any agreement with the Government for
               the employment by, or the secondment to, the Authority of any
               specified public officers or specified class of public
               officers; and

        (iv)   enter into, carry out, assign or accept the assignment of, vary
               or rescind, any contract, agreement or other obligation; and

   (d)  may do, and be subject to, all other things that bodies corporate may
        do and be subject to and that are necessary for, or are incidental to,
        the exercise of its functions.

(3) The Authority is required to have a seal. (Replaced 4 of 1998 s. 2)