Fiji Sample Clauses

Fiji. (a) Section 10.9 is replaced with the following wording: “Subject to Section 10.1, without prejudice to any exclusions of liability in this Agreement, and to the extent permitted by law, the combined total liability of EY, all EY Firms and all EY Persons to you in contract, tort (including but not limited to negligence), under statute or otherwise arising under or in connection with the Website, the Website Services, the Restricted Services, the EY Materials and this Agreement, including but not limited to any breach or non-performance of this Agreement, no matter how fundamental, shall not in any calendar year exceed: (a) the fees paid by you to EY in that calendar year under this Terms of Use for the relevant Website Service; or (b) FJD $100, whichever is greater.” (b) Section 15.7 is replaced with the following wording:

Fiji. Effective November 1, changes to the Fiji National Provident Fund (FNPF) were implemented. The new measures, part of the 2011 pension reform law, include— • dividing the worker’s provident fund account into two parts to help protect retirement savings, • introducing new oversight rules, • providing a new information technology system, and • allowing the worker to make additional voluntary contributions. According to the government, the reforms will strengthen the system and help improve pension income for fund participants. Under the new rules, members will have two accounts instead of one: a preserved account and a general account. The preserved account will be comprised of 70 percent of the existing balance and will be reserved for retirement. The general account will consist of the remaining 30 percent and will be accessible for early withdrawals. Other rules remain essentially the same. At the retirement age (55 years), full withdrawals may be made. Other circumstances in which a full withdrawal may be made include incapac- ity, leaving the country permanently, and death. Prior to the retirement age, a worker may access the general account for expenses such as education, medical care, periods of unemployment, and housing. First-time property buyers may access up to 30 percent of their preserved account as well. Other changes to the system include— • employer penalties (stiff fines, imprisonment, or both) for not transferring the contributions to the FNPF on time, • an overhaul of the existing information technology systems coupled with new operational processes, and • additional worker voluntary contributions beyond the required 8 percent of earnings to help increase their retirement savings. The FNPF covers employed workers who are residents of Fiji. (Participation is voluntary for 2 ♦ International Update, November 2014 self-employed persons.) The employer and employee each contribute 8 percent of total wages to the work- er’s account. At retirement, the worker has a number of choices for withdrawing his or her funds: a lump sum payment; a single-life or joint-life annuity; or a term annuity for a period of 5, 10, or 15 years. The worker can also choose a combination of those ben- efits. Life annuity rates depend on age at retirement. Sources: Fiji National Provident Fund Decree 2011, Decree Number 52, November 25, 2011; “Transition Period,” Reforms and Change, FNPF, October 2014; “New Withdrawal Guidelines for Members,” Media Centre, FNPF, October 3...

Fiji. (a) VAT. Value Added Tax (VAT) means the Fijian Valued Added Tax as defined under the Fijian Value Added Tax Decree 1991 and the taxation laws in Fiji. Unless expressly stated otherwise, all Charges stated in the Contract exclude VAT. VAT will be charged and added to any Charges at the prevailing rate at the time a tax invoice is issued in accordance with the terms required under the Fijian Value Added Tax Decree 1991 and any statutory provisions or regulations in force at the time of issuing the tax invoice. In the event that DXC is required to collect any tax for which the Customer is responsible, the Customer will pay such tax directly to DXC.