Govt Urged To Streamline Cash Handout Procedures

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2019-01-21 HKT 16:09

Share this story

facebook

  • Lawmaker Au Nok-hin says the paperwork needed to obtain handouts promised by the government is too difficult. Photo: RTHK

    Lawmaker Au Nok-hin says the paperwork needed to obtain handouts promised by the government is too difficult. Photo: RTHK

Lawmaker Au Nok-hin has called on the government to streamline the application procedures for cash handouts announced by financial secretary last year.

Under the Caring and Sharing Scheme, those who did not benefit from Financial Secretary Paul Chan's HK$52.4 billion relief package in the last budget will be eligible to receive HK$4,000. The government expects around 2.8 million people to benefit.

Application forms for this handout were made available from Monday and the government will accept applications from February 1.

But Au said the procedures involved are too complicated and some may find it difficult to supply all the papers demanded.

He said that some retirees may not even have a bank account to obtain the funds.

Au also said the complicated calculations required may lead to people mistakenly filing incorrect claims, putting them at risk of facing criminal proceedings.

RECENT NEWS

HashKey Gets Regulatory Nod To Offer Virtual Asset Services In Ireland

HashKey Group has announced that its subsidiary, HashKey Europe Limited, has received Virtual Asset Service Provider (V... Read more

HKVAX And Victory Securities Forge Partnership To Advance Hong Kongs Virtual Asset Ecosystem

Hong Kong Virtual Asset Exchange (HKVAX), Hong Kong’s third virtual asset licensed trading platform and Victory Secur... Read more

5 Major Banks Mantain Domestic Systemically Important Authorised Institutions Status

The Hong Kong Monetary Authority (HKMA) concluded its annual review of Domestic Systemically Important Authorised Insti... Read more

HSBC, StanChart, Alibaba Cloud Among First Cohort Of HKMAs Gen AI Sandbox

The Hong Kong Monetary Authority (HKMA) and Cyberport have announced the first cohort of its Generative Artificial Inte... Read more

QuickFest 2025 To Focus On AI, Automation, And The Future Of Accounting

QuickFest, the virtual conference tailored for accounting professionals, bookkeepers, and consultants, will return on 1... Read more

5 Stories That Shaped Hong Kongs Fintech Scene In 2024

In 2024, Hong Kong further cemented its position as a leading fintech hub in the world, with the number of fintech comp... Read more