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About the Travel Industry Compensation Fund Management Board
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Terms of reference
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The Travel Industry Compensation
Fund Management Board (TICFMB) is a statutory body
established under section 32B of the Travel Agents
Ordinance (TAO) (Cap. 218). Its major terms of reference
are:
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| a. |
to hold, manage and apply the Travel Industry Compensation Fund (TICF) in accordance with the provisions of the TAO; |
| b. |
to provide ex gratia payment to outbound travellers who
are aggrieved by default of travel agents after
their outbound fares have been paid, and to provide
financial relief to group tour and package tour
travellers who are injured or killed in accidents
whilst touring abroad; |
| c. |
to authorize the Travel Industry Council of Hong Kong or any other person to collect the TICF levy; |
| d. |
to invest any money of the TICF in any investment authorized under the Trustee Ordinance (Cap. 29) or approved by the Financial Secretary; |
| e. |
to make rules in relation to the administration of the TICF; and |
| f. |
to arrange for the examination of the economy, efficiency and effectiveness with which the Travel Industry Council of Hong Kong has used its resources if required by the Secretary for Commerce and Economic Development. |
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Membership
The TICFMB comprises a Chairman and
9 Members. The 8 unofficial members are drawn from
various fields such as banking sector, travel industry,
legal sector, accounting field and the Consumer Council,
etc. The Registrar of Travel Agents is the ex officio
Member and Secretary of the Board.
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TICFMB Membership List:
| Chairman: |
Mr Ignatius CHAN Tze-ching, B.B.S., J.P. |
| Members: |
The Hon. CHAN Kam-lam, S.B.S., J.P. |
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Mr Joseph FU Chi-kwong |
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Mr Gordan KWONG Che-keung |
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Mr Kevin LAM Sze-cay |
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Miss Connie LAU Yin-hing |
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Mr Leo MA Chan-hang |
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Mr Joseph TUNG Yao-chung, J.P. |
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Mr Michael WU Siu-ieng, M.H. |
| Ex officio Member/Secretary: |
Mr CHENG Chung-hing, Registrar of Travel Agents |
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