Hong Kong Ordinances

MANDATORY PROVIDENT FUND SCHEMES ORDINANCE - SECT 7C

Duty of self-employed person to become scheme member

(Past version on 01/12/2000).

(1) Every self-employed person-

   (a)  must, within the permitted period after the relevant time, become a
        member of a registered scheme; and

   (b)  must, in accordance with the provisions of the Mandatory 
        Provident Fund Schemes (General) Regulation ( Cap. 485 sub. leg. A),
        before the end of each contribution period, pay to the
        approved trustee of the scheme from the person's own funds for the
        person's own benefit a contribution equal to the prescribed percentage
        of the person's relevant  income. (Amended 2 of 2002 s. 8)

(2) In this section-

"contribution period" (供款期) means a period prescribed by the regulations
as a contribution period;

"permitted period" (特准限期) means the period specified by the Authority
by notice published in the Gazette for the purposes of this section;

"the relevant time" (有關時間) means-

   (a)  in the case of a person who is a self-employed person at the
        commencement of this section, the time of that commencement; or

   (b)  in the case of a person who becomes a self-employed person after that
        commencement, the beginning of the date on which the person becomes
        self-employed; (Amended 2 of 2002 s. 8)

(3) For the purposes of subsection (1)(b), the prescribed percentage is 5 per
cent or, if some other percentage is prescribed by the  regulations, that
other percentage. The regulations may prescribe different percentages for
those purposes.

(4) For the purposes of this section, the regulations may-

   (a)  require self-employed persons to report their relevant income to the
        Authority; and

   (b)  prescribe the matters that must be included in those reports.

(5) This section is subject to sections 9 and 10.

(6) This section does not apply to a self-employed person who is-

   (a)  less than 18 years of age; or

   (b)  of or more than retirement age. (Added 2 of 2002 s. 8) (Added 4 of
        1998 s. 2)

"contribution period" (供款期)

"permitted period" (特准限期)

"the relevant time" (有關時間)