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The following is issued on behalf of the Mandatory Provident Fund Schemes Authority:
An employer was fined $40,000 at the Kwun Tong Magistracy today (June 22), after being convicted of an offence under the Mandatory Provident Fund Schemes Ordinance (Cap. 485).
Up Bright Limited trading as Jubilee was charged with an offence under section 7A(8) of the Ordinance. The defendant was convicted of nine counts of failing to make MPF contributions for an employee within the prescribed time for the contribution periods between September 2008 and May 2009. The defendant was fined $2,500 for the first two summonses, and $5,000 for the remaining summonses, totalling $40,000.
Meanwhile, the Mandatory Provident Fund Schemes Authority (MPFA) today pursued a claim in the Small Claims Tribunal for some $40,000 on behalf of four employees who were owed MPF contributions by their employer.
At the Tribunal's hearing today, the defendant, namely Virtus Asia Limited, did not appear. In its absence, the Adjudicator ordered it to pay the MPFA the sum of $48,271.03, being mandatory contributions in arrears and surcharges payable.
The amount awarded at the Tribunal will be reimbursed to the employees' MPF accounts as soon as they are received by the MPFA. The Tribunal ordered the defendant to pay $199 as the costs of the claim.
Ends/Tuesday, June 22, 2010
Issued at HKT 17:54
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