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

Notices

Notice of Abolition of Industry Training Boards established under sections 12A and 12B of the Manpower Training Act, 1981

Guidelines regarding the Abolition of Industry Training Boards established in terms of section 12A and 12B of the Manpower Training Act, 1981

7. Transfer of assets, liabilities, rights and obligations of third parties
Purchase cart Previous page Return to chapter overview Next page

 

1)The Minister shall ensure that the rights of creditors, lessors and other interested parties whose proprietary rights are adversely affected by the transfer are protected and that the necessary consent has been obtained for the transfer of rights and obligations.

 

2)The Minister shall, with due regard to item 7(1) transfer the assets, liabilities, rights and obligations to the SETA and shall take all the necessary steps required to give effect to such transfer.

 

3)The transfer of obligations shall include existing quality assurance accreditation systems and accreditation agreements currently in force.