Employer fined $173,000 for breaching MPFS Ordinance

Good Faith Security Management was fined $173,000 at the Kwun Tong Magistracy after being convicted of offences under the Mandatory Provident Fund Schemes Ordinance.

The company was charged with an offence under section 7(1) of the Ordinance. The defendant pleaded guilty to four counts of failing to enrol four employees in an MPF scheme as required by the Ordinance and was fined $6,000 for each summons, totalling $24,000.

Good Faith Security Management Limited was also charged with an offence under section 7AA(7) of the Ordinance. The defendant pleaded guilty to 25 counts of failing to make MPF contributions to the Mandatory Provident Fund Scheme Authority for four employees who were not members of a registered scheme within the prescribed time for the contribution periods between March and September 2010. The defendant was fined $6,000 for each of 24 summonses and $5,000 for the remaining summons, totalling $149,000.

The Magistrate also ordered Good Faith Security Management Limited to pay the MPFA the sum of $19,607.2, being mandatory contributions in arrears and surcharges payable for its four employees, within 21 days. The amounts awarded will be reimbursed to the employees' MPF accounts as soon as they are received by the MPFA.