LONG-TERM SAVINGS SCHEME ACT, 2004 (ACT 679)


Introductory Text

  • Section 1 - Establishment Of Scheme
  • Section 2 - Object Of The Scheme
  • Section 3 - Establishment Of The Agency
  • Section 4 - Functions Of The Agency
  • Section 5 - Power Of The Agency To Request For Production Of Books
  • Section 6 - Powers Of The Agency In Relation To Books Required To Be Produced
  • Section 7 - Power Of Agency To Conduct Investigation And Inspection
  • Section 8 - Governing Council Of The Agency
  • Section 9 - Appointment Of Members Of The Council
  • Section 10 - Tenure Of Office Of Members Of The Council
  • Section 11 - Meetings Of The Council
  • Section 12 - Committees Of The Council
  • Section 13 - Disclosure Of Interest
  • Section 14 - Allowances For Members Of The Council
  • Section 15 - Funds Of The Agency
  • Section 16 - Fees
  • Section 17 - Appointment And Responsibility Of The Administrator
  • Section 18 - Appointment Of Other Staff
  • Section 19 - Delegation Of Power Of Appointment
  • Section 20 - Accounts And Audit
  • Section 21 - Annual Report
  • Section 22 - Financial Year
  • Section 23 - Operation Of Plans
  • Section 24 - Plan Contributions
  • Section 25 - Withdrawal Of Portfolio
  • Section 26 - Contributor Leaving Employment
  • Section 27 - Right Of Contributor To Convert Plan
  • Section 28 - Creation Of Encumbrances In Respect Of Contribution
  • Section 29 - Duty Of Employer In Respect Of Plan
  • Section 30 - Tax Reliefs
  • Section 31 - Management Of Plan Funds
  • Section 32 - Qualification Of Funds Manager
  • Section 33 - Application For Approval Of Funds Manager
  • Section 35 - Duties And Prohibited Activities Of A Funds Manager
  • Section 36 - Permitted Investment Of Plan Fund
  • Section 37 - Permitted Expenditure From Plan
  • Section 38 - Fees Of Funds Manager
  • Section 39 - Appointment Of Trustee For Plan
  • Section 40 - Duties And Powers Of A Trustee
  • Section 42 - Fees Of Trustee
  • Section 43 - Dispute Resolution
  • Section 44 - Accounts And Audit Of Funds Manager And Trustee
  • Section 45 - Reports Of Funds Manager Or Trustee
  • Section 46 - Financial Year
  • Section 47 - Protection Of Plan Funds On Liquidation Of Employer, Funds Manager Or Trustee
  • Section 48 - Offences
  • Section 49 - Regulations
  • Section 50 - Interpretation
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