Penang Port Commission Act 1955 · Updated to 1 Jan 2006 · Part VIII
107. Continuance of provident funds, pension and superannuation schemes
Feedback & supportWith the approval of the Minister the Commission may by regulations provide for the continued maintenance and administration or for the winding up of any provident fund, pension scheme or superannuation scheme established, maintained or administered by virtue of section 22 of the Ports Ordinance, or for the merging of any such fund or scheme in any new fund or scheme established under the powers contained in section 16.
Commission
“Commission” means the Penang Port Commission established and incorporated under this Act;
With the approval of the Minister the Commission may enter into arrangements or agreements with any Harbour Board established and incorporated in Singapore in respect of the Port of Singapore for the continued maintenance and administration or for the winding up of any joint provident fund established, maintained or administered by virtue of paragraph 22(1)(b) of the Ports Ordinance and may by regulations make such provision as may be necessary for carrying out and giving effect to any such arrangements or agreements.
port
“port” means the Port of Penang within the limits declared under section 6 of the Merchant Shipping Ordinance 1952 [Ord. 70 of 1952];
Pending the making of any regulations under subsection (1)
or (2), any provident fund, joint provident fund, pension scheme or superannuation scheme established, maintained or administered under section 22 of the Ports Ordinance shall continue to be maintained and administered in all respects as if this Act had not been passed:
Ports Ordinance
“Ports Ordinance” means the Ports Ordinance of the Straits Settlements;
Provided that any rights, trusts, obligations and duties formerly conferred and imposed on the Board in relation to the fund or scheme shall as from the appointed day be deemed to have been conferred and imposed on the Commission.
appointed day
“appointed day” means the day appointed for the coming into force of this Act;