The Provident Fund Repeal Act No 9of 2022 - as Plain Text by MWakili

SPECIAL ISSUE Kenya Gazette Supplement No.

38 (Acts No.

9) REPUBLIC OF KENYA KENYA GAZETTE SUPPLEMENT ACTS, 2022 NAIROBI, 7th March, 2022 CONTENT Act PAGE The Provident Fund (Repeal) Act, 2022.

117 PRINTED AND PUBLISHED BY THE GOVERNMENT PRINTER, NAIROBI 117 THE PROVIDENT FUND (REPEAL) ACT No.

9 of 2022 Date of Assent: 24th February, 2022 Date of Commencement: 21st March, 2022 ARRANGEMENT OF SECTIONS Section 1 Short title.

2Interpretation.

3 Repeal of Cap.

191.

4 Transitional provisions.

118 Provident Fund (Repeal) 2022 No.

9 THE PROVIDENT FUND (REPEAL) ACT AN ACT of Parliament to repeal the Provident Fund Act; and for connected purposes ENACTED by the Parliament of Kenya as follows 1.

This Act may be cited as the Provident Fund Short title.

(Repeal) Act, 2022.

2.

In this Act, unless the context otherwise requires Interpretation.

Cabinet Secretary means the Cabinet Secretary responsible for matters relating to the finance; and repealed Act means the Provident Fund Act.

Cap.

191.

3.

The Provident Fund Act is repealed.

Repeal of Cap.

191.

4.

Notwithstanding section 3 Transitional provisions.

(a) the Cabinet Secretary shall, before the winding up of the Fund, ascertain the status of claims against the Fund and, ensure that any outstanding claims are settled within one year of the coming into operation of this Act; (b) the Cabinet Secretary shall, before the winding up of the Fund, ascertain the status of the claims by the Fund against any person and, ensure that any outstanding claims are settled and the proceeds therefrom paid into the Consolidated Fund; (c) the term of the members of the Board of the Fund, in office immediately before the commencement of this Act, shall continue until the claims under paragraphs (a) and (b) have been determined or for a period of not more than one year after the commencement of this Act, whichever is later; (d) the Cabinet Secretary shall, within one year of the coming into operation of this Act or upon the determination of the claims under paragraphs (a) and (b), whichever is the later, wind up the Fund and pay the proceeds therefrom into the Consolidated Fund; (e) the Cabinet Secretary shall, within one year of the coming into operation of this Act or upon the 119 2022 Provident Fund (repeal) No.

9 determination of the matters under paragraphs (a) and (b), whichever is the later, report to Parliament in accordance with section 24(9) of the Public Finance Management Act, 2012, on No.

18 of 2012.

the winding up of the Fund and any other relevant matter; and (f) the Auditor General shall, within one year of the coming into operation of this Act, submit to the National Assembly a terminating audit report of the Fund.

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