Hong Kong Ordinances

DEPOSIT PROTECTION SCHEME ORDINANCE - SECT 16

Payments from Fund

There shall be paid from the Fund, as required under this Ordinance, the
following—

   (a)  expenses incurred—

        (i)    in investigating or deciding the entitlement of depositors and
               other persons to compensation under Division 2 of Part 5;

        (ii)   in relation to the Scheme;

        (iii)  in the exercise by the Board of the rights, powers and
               authorities vested in it by this Ordinance or rules made under
               section 51;

   (b)  expenses incurred in—

        (i)    the establishment and maintenance of the Scheme;

        (ii)   the management and administration of the Fund;

   (c)  expenses incurred in obtaining insurance, sureties, guarantees or
        other security, or in making any financial arrangement, in respect of
        any compensation paid under this Ordinance;

   (d)  repayment of, and interest on, any money borrowed by the Board for the
        purpose of performing its functions;

   (e)  such amounts of compensation as allowed under this Ordinance, and the
        costs of and incidental to paying the same;

   (f)  such amounts of rebates and refunds of contributions as allowed under
        this Ordinance, and the costs of and incidental to paying the same;

   (g)  expenses incurred by or in relation to the Tribunal;

   (h)  any other money payable from the Fund in accordance with this
        Ordinance.