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Skills Development Act, 1998 (Act No. 97 of 1998)

Schedules

Schedule 2 : Transitional Provisions (Section 37(2))

9. Training schemes

 

(1) Subject to subitem (2), any scheme declared binding in terms of section 39(5) of the Manpower Training Act continues as if that Act had not been repealed.

 

(2) Any such scheme must be discontinued not later than 31 March 2000 unless the scheme has been—
(a) registered as an association not for gain in terms of section 21 of the Companies Act, 1973 (Act No. 61 of 1973), before that date, provided that from that registration any notice issued in terms of section 39(5) in respect of that scheme ceases to be in force;
(b) sold with the agreement of the members of the training board with jurisdiction over employers subject to the scheme before that date; or
(c) transferred to a SETA with the agreement of those members of the training board before that date.

 

(3) If that scheme is discontinued, any assets and rights not required to discharge the obligations and liabilities of that scheme must be disposed of in accordance with the directions of the Director-General.