Port Workers (Amendment) Regulations, 2010

L.N. 67 of 2010

PORT WORKERS ORDINANCE

(CAP. 171)

Port Workers (Amendment) Regulations, 2010

IN exercise of the powers conferred by article 17 of the Port

Workers Ordinance, the Minister for Infrastructure, Transport and

Communications has made the following regulations

(1) The title of these regulations is the Port Workers

(Amendment) Regulations, 2010 and they shall be read and

construed as one with the Port Workers Regulations, 1993,

hereinafter referred to as “the principal regulations”.

(2) These regulations shall be deemed to have come

into force on the 1st February, 2010.

Immediately after the definition “accompanied motor

vehicle” in regulation 2 of the principal regulations, there shall be

added the following new definition

“ “actuary” means an independent person who holds

appropriate practical experience as an actuary and is a

fellow of an institute of actuaries, or a fellow of a faculty of

actuaries, or holds actuarial qualifications of a similar standing

with an institute of repute recognised for such purposes by

the Malta Financial Services Authority established under the

Malta Financial Services Authority Act;”.

For regulation 35 of the principal regulations there shall

be substituted the following

“35. The Committee shall adopt an investment

strategy for the Fund based on appropriate due diligence

and professional advice from duly regulated entities in terms

of the local legal framework. The Committee may make

recommendations to the Minister for his approval to invest

money remitted to the Fund in line with such investment

strategy.”.

In regulation 36A of the principal regulations, for the

words “regulator for financial services in Malta” there shall be

substituted the word “Committee”.

For sub-regulation (3) of regulation 43 of the principal

regulations there shall be substituted the following

“(3) The heirs of a registered port worker who dies

after the 1st June, 2007 shall receive a gratuity equivalent

to three years of earnings. The earnings that have to be

considered for the purpose of the computation of this gratuity

shall be the average earnings of all the registered port workers

for the year preceding the death of the registered port worker.

The difference between the amount due in respect of the

gratuity and all insurance proceeds shall be paid from the

Fund.”.

In the Maltese text of the First Schedule to the principal

regulations, for the words “Ħaddiema tax Xatt” there shall be

substituted the words “Ħaddiema tal-Port”.

In the Maltese text of Part II of the Second Schedule to

the principal regulations, in the last sentence thereof, for the words

“Il-ħaddiema tax-xatt” there shall be substituted the words “Il-

ħaddiema tal-port”.

€0.19