חוק רשות הספנות והנמלים (תיקון מס' 7), התשפ"א-2020Law of the Port Authority (Amendment No. 7), 2020 · automatic translation · suggest a correction

Official summary of the law (Knesset)

This amendment adds to the duties of the Israel Ports Development and Assets Company Ltd. (hereinafter – IPC), as set out in the Shipping and Ports Authority Law, 2004 (hereinafter – the Law), also the provision of maritime transport services, including through subsidiary companies, at the ports of Ashdod and Haifa; this is in accordance with a government decision, under which it was decided that the activity of managing maritime transport currently performed by the port companies will be transferred from each of the companies to subsidiaries of IPC, with each of the subsidiaries operating in the relevant port area to provide maritime services to all entities operating in the relevant area. In addition, Section 17 of the Law, which prohibits cross-ownership between authorized corporations, will not apply to the relationship between IPC and its subsidiary that provide maritime transport services only. It is also proposed to authorize the Minister of Transport to determine the services and their quality that IPC must provide with respect to the provision of maritime transport services. In addition, it is proposed to extend the right of lien over goods also to IPC and its subsidiaries with respect to the provision of maritime transport services. In addition, the deadline for establishing a central provident fund for pensions and granting a tax exemption on funds intended for deposit in such a provident fund, in connection with funds intended for the payment of benefits to certain employees under a budgetary pension arrangement, was extended from 31 August 2018 to 31 December 2021, since the Ashdod Port Company has not yet completed the process of establishing a central provident fund for pensions. It is also proposed that by 1 November 2021 the Government Companies Authority will report to the Finance Committee on the process of establishing a central provident fund for the employees of Ashdod Port Company Ltd.

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