The $6,000 handout scheme will commence on August 28, according to Secretary for Financial Services & the Treasury Prof KC Chan.
Meanwhile, the Housing Authority said the payment given under the scheme will not be counted as income in vetting public rental housing applications.
People aged 18 or above who hold a Hong Kong Permanent Identity Card on August 28 may register for the $6,000 through banks or Hongkong Post in batches according to their year of birth.
Those who meet the eligibility criteria on August 28 but who choose to receive the sum later may register from April 1 to December 31, 2012 to receive $6,000 plus a $200 bonus.
Those who do not fulfill the eligibility criteria on August 28 but who will do so on March 31, 2012 may register for $6,000 on or after April 1, 2012. Registration for the scheme will close on December 31, 2012.
Noting the scheme will involve more than 6 million eligible people, Prof Chan said a batching arrangement is being adopted in the first 10 weeks.
People who have bank accounts in their name only may submit duly completed forms through drop boxes placed at any branch of the bank selected. Forms may also be submitted by mail or through e-banking. If found eligible, the money will be deposited to a person's specified account.
Those who do not have bank accounts may register through Hongkong Post. If found eligible, they will be notified by post to collect a cheque at the post office selected. The cheque can be encashed at any local branch of Standard Chartered Bank.
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