Whenever an employer pays any sum of money which is due to the Council in terms of this Agreement, in any manner other than in cash and such payment is not honoured for any reason whatever, then and in such event a penalty shall be payable by the employer to the Council in its sole discretion, which penalty shall be equal to the interest rate as determined by the Council from time to time of the amount of the purported payment.  Any penalty due to the Council in terms of this clause shall be payable on demand.

At the Council's Annual General Meeting held on 9 November 2017 the Parties to this Agreement AGREED that the Agreement be ADOPTED with effect from 01 January 2018 to be binding on the Parties to the Agreement for a period ending 31 August 2022 in terms of the provisions of the Labour Relations Act, No. 66 of 1995.