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Suzhou Housing Provident Fund Management Approach

Original Language Title: 苏州市住房公积金管理办法

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(Adopted at the 63th ordinary meeting of the People's Government of Sus State on 19 September 2006 No. 93 of 30 September 2006 by the Order No. 93 of the People's Government of the State of Sus Republic of Sus Republic of Korea on 1 December 2006)

Chapter I General
In order to strengthen the management of housing pools, to preserve the legitimate rights and interests of the owners of the housing pool, to improve the housing security system, and to develop this approach in line with the State Department's Housing Entrepreneurship Regulation.
Article 2 refers to the long-term housing reserves, which are compulsory, mutual assistance and secure by State organs, utilities, various types of enterprises, non-commercial units, social groups (hereinafter referred to as separate units) and their in-service workers.
Article 3. This approach applies to the collection, extraction, loan, management and supervision of housing credits in the city's administrative region (excluding the Sangko State industrial parks).
Article IV, the Housing Quantification Management Committee of the State of Sustainability (hereinafter referred to as the CPF) is the decision-making body for the management of the housing pool in this city.
The Housing Quantification Management Centre (hereinafter referred to as the Quantification Centre) is an independent business unit for the Government of the immediate Sus State for the purpose of not profiting, which is responsible for the management of the housing treasury and oversees the establishment, storage, loan, etc. of the accounts for the inspection of the housing treasury, and performs administrative sanctions functions in accordance with the law.
The former HFC is included in the district level, sub-centres established in the area, and the Ministry of Management.
Article 5 The Government of the Sud State will expand the coverage of the housing credit system as part of the responsibilities of the communes, the communes' governments. The municipalities at the district level and the people's government should strengthen the management of the housing pool.
Sectors and organizations such as labour guarantees, civil affairs, business, tax, statistics, trade unions should implement this approach in collaboration with their respective responsibilities.
Article 6. The CEF should establish an internal management system for the sound housing pool and achieve the regulatory, scientificization and informationization of the housing pool.
Chapter II
The new unit established under Article 7 shall be registered by the CPF within 30 days of the date of the establishment and from within 20 days of the date of registration of the CPF, and subject to the procedures established by the entrusted bank for the processing of the FCFA accounts by the employee.
Article 8 units and their workers shall be paid in full and on time, in accordance with the law and shall be responsible for the processing of the deposit. The unit's contribution to the housing stock of the employee is part of the remuneration of the worker.
The housing stock and unit of the employee's contribution to the housing stock of the employee, all of whom are owned by the employee.
Article 9
The monthly contribution of the unit to the housing pool for the employee was the average monthly salary of the employee for the previous year and the percentage of the unitary housing.
Article 10 workers who participated in the new work started to pay a housing stock in the second month of their participation, which was paid to the employee for the month of the month of pay and paid by the employee's home.
The new unit's staff members were paid a housing bond from the date of the payment of the salary from the unit to the same category.
Article 11 The adjustment programme for the housing balance and the monthly maximum payment rate was developed by the CMAC, in accordance with the relevant provisions, to be followed by the approval of the Government.
The same percentage of the housing deposit and the employee should be the same.
Article 12 Employers receive wages according to the local minimum wage standards, the housing pools of the individual can be distributed, and some of the unit's housing credits shall be paid in accordance with the provisions.
Article 13 units shall contribute to the housing pool in accordance with the prescribed proportion of the total amount of contributions paid. For units to increase the proportion of their contributions or exceed the monthly maximum amount of contributions, the amount of which is exceeded by law by the HFC.
Article 14. Units may reduce the proportion of contributions or decrease after one year of suspension or two consecutive losses, with the discussion of the General Assembly or the Trade Union of the Unit's Employees, which is approved by the CPF and which, after the approval of the CPF, may reduce the proportion of contributions or contribute to the effective period of up to two years. The unit has been approved to reduce the proportion of the total number of contributions paid to the housing stock without less than 5 per cent of the average monthly salary of the employee.
Article 15. The unit declares the bankrupt, withdraws or disbandsed by law and reimburses the salary paid to the paid worker for the payment of the treasury.
In the event of mergers and separations, the amount of housing paid by the employee should be added. Failure to do so should clearly identify the subject of the responsibility of the holder prior to the process.
Article 16 Staff members shall be transferred or placed in the home account within 30 days of the date of the operation or termination of their labour relations with their former units. In the case of the envelope accounts for the remaining staff, the unit could entrust the Centre with centralized management.
Article 17: The CEF shall issue a housing deposit card for the worker who has paid a housing bond as an effective voucher for the payment of a housing treasury, to be kept by the worker himself and to implement a voucher system.
The Public Credit Centre should have information about the units and their employees.
Sectors such as labour guarantees, personnel, business, tax, statistics should provide information on units and their employees.
Article 19 In accordance with the provision for the payment or withdrawal of a treasury and its interest, the payment of a personal income is exempted from the income tax.
Article 20
Article 21 Employees who were newly involved after 1 December 1998 included their monthly housing benefits in the management of the housing pool. The amount of the housing allowance is based on the housing pool.
Chapter III
Article 2 includes one of the following cases in which the employee may apply for the withdrawal of the storage balance within his own housing account:
(i) buying, constructing, renovating and renovating homes;
(ii) Removal, retirement;
(iii) Full or partial loss of labour capacity and termination of labour relations with units;
(iv) Residence;
(v) Reimbursement of mortgage loans;
(vi) Reimbursement for rental housing rentals;
(vii) Be determined by the competent sector as the minimum target of living, the target of low-lying hardship and the target of special hardship workers;
(viii) The unemployment rate of women aged 40 years, up to 50 years of age, and the housing treasury accounts have been closed for two years;
(ix) The termination of the labour relationship with the unit and the relocation of the household from the city or from the home;
(x) Other cases decided by the Committee.
The worker died or was declared dead, the worker's successor, the survivor's granter could draw on the balance of storage in the pension accounts of the employee's housing.
Article 1, paragraphs 1 (i), 5 and 6) of this article shall not exceed the actual occurrence of the current period. The withdrawal of the housing bond was accompanied by the cancellation of the personal housing credit account.
Article 23. Removal of housing payments by workers during the period of home repayments, the CEF has decided that the CPF could retain a certain amount within its housing credit account. Excluding all housing loans.
Chapter IV
Article 24 Employees who have paid housing payments may apply to the HFC for housing credits when purchasing, constructing, singling and renovating homes.
Article 25
(i) A request for credit for the payment of a housing deposit by the month;
(ii) The proportion of self-funding (construction) housing payments is less than the prescribed ratio;
(iii) A secured loan;
(iv) There is a stable economic income and credit repayment capacity and a good personal credit position;
(v) The unpaid or all-inclusive credit for housing;
(vi) Other conditions as required.
The provisions in subparagraphs (i), (ii) and (vi) of the previous paragraph were developed by the Centre for Public Credit, which was published after the approval of the Committee.
The conditions for the re-establishment of the workforce, the renovation of the housing claim for a housing credit are implemented in accordance with article 1, paragraph 1.
Article 26
Article 27 The applicant shall submit the relevant supporting material when submitting a request for a housing credit to the Centre. The HFC shall make a decision to grant loans or not to grant loans within 7 days of the date of receipt of the request and inform the applicant. Approval of the instrument of ratification for the granting of a loan shall be subject to the procedures for the processing of loans by the licensed bank; the reasons should be given.
Article 28 should be delegated to the bank to transfer funds for housing credits directly to the sale units (producer institutions) or to construct, renovate and renovate the accounts of the owner in the bank.
The borrower should pay the borrower in accordance with the borrowing contract's agreement to pay the loan in advance, pay the portion of the loan or pay the full loan in advance without paying the borrower's default.
The borrower of the housing pool and the commercial housing portfolio loan shall be reimbursed as a matter of priority for housing credits.
Article 33 The Centre should strengthen the management of housing credits and ensure housing security.
Article 31, which is entrusted to banks and guarantors, shall work together for the payment, recovery and receipt of late loans in accordance with their respective responsibilities.
The security institutions referred to in the previous paragraph refer to institutions established by law to implement professional security for housing credits.
Article 32
No unit shall prevent a worker who meets the housing credit conditions from applying for a housing credit.
Article 33, with the decision of the CPF, the value-added benefits of the housing pool could be used to address the housing difficulties of low-income workers.
Oversight inspection
The sectors such as finance, audit and the People's Bank should strengthen the management and use of oversight inspections in accordance with their respective responsibilities.
The HFC should be subject to supervision in the same sectors as the same level of finance, audit and the People's Bank.
Article 33 15 should be subject to the supervision of trade unions and workers by submitting annual reports to the General Assembly of Employers or to the Employer's General Assembly, as well as the contributions to the housing stock.
Article 336 The Centre should regularly publish the financial report and management of the results of the last annual housing stock for consideration by the Committee and receive social oversight.
Article 337 has the right to inspect the unit's deposit of housing payments and to ensure that it receives a public housing deposit in accordance with the law. Where necessary, the results of the inspections can be presented in local credit information systems, as required.
The units should not be denied information on the status of the user and on the payment of the housing deposit, such as wages, financial statements. The Centre should keep confidential information on the Unit's information.
Article 338 The Centre should establish a nuclear regime, such as the sound internal audit, to manage and oversee the housing pool operations of the sub-centres, the Ministry of Management.
The financial operation of the housing pool entrusted to banks should be subject to the supervision of the Centre and the conduct of the study.
Article 39, in violation of the provisions of the housing treasury management, any unit and person have the right to complain, report to the Centre. The Centre shall be admissible and promptly verified and processed.
Chapter VI Corporal punishment
Article 40 violates the provisions of this scheme whereby units do not conduct the registration of a treasury or do not establish procedures for the processing of the treasury accounts by the employee of the unit, which is limited by the CPF's duty period; and the fine of up to 50,000 dollars.
In violation of this approach, the unit's late payment or the payment of the housing pool is made by the CPF for the duration of the period of time, which is still unanticipated and can be applied to the enforcement of the People's Court.
Article 40 violates the provisions of this approach by punishing the Centre by:
(i) Receiving the balance of storage in the treasury account by deceasing the person's home by deceiving the property of the treasury, which is punishable by a fine of 500,000 dollars;
(ii) Receiving the balance of storage in the treasury accounts of another person by deceasing means of deceiving the property of the treasury, which is punishable by a fine of up to 500,000 yen;
(iii) Receiving a period of time to return to the amount of the loans in violation of the law by deceasing means of obtaining a housing credit in violation, with a fine of up to 1000 dollars; in the case of serious circumstances, the eligibility for a housing credit for the period from 1 to 5 years could be removed;
(iv) The unit refuses to inspect the CPF, to provide information on the actual availability of the user and the payment of the information relating to the housing stock, such as the wages, the financial statements, and to be corrected by the CPF. The non-operational unit may be fined by a fine of up to 1000 dollars, which may impose a fine of up to 1 million dollars.
Article 42 provides for violations of the provisions of this scheme, after the Public Credit Centre or the relevant sector, its violations are recorded in the credit information system as a basis for the supervision of the housing treasury.
Article 43 thirteenth CPF staff members, in the management of housing payments, abuse of their functions, negligence, provocative fraud, are administratively disposed of by the Public Credit Centre or by the superior authorities; and criminal liability by law.
Chapter VII
Article 44 Quantification centres may establish rules for the implementation of housing payments, extracts, credits, management and oversight under this scheme.
Article 42