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

Annexure to the Industry Training Board Abolition Guidelines

3. Transfer of Assets, Rights, Liabilities and Obligations
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3.1The ITB hereby transfers, cedes and assigns in terms of item 4 of schedule 2 of the Act and the Regulations, to the SETA; (Full name of SETA)

 

3.1.1All the Assets referred to in annexure one hereto;
3.1.2All the Rights referred to in annexure two hereto;
3.1.3All the Liabilities in annexure three hereto;
3.1.4All the Obligations referred to in annexure four hereto.
3.1.5All the Assets referred to in annexure one hereto;
3.1.6All the Rights referred to in annexure two hereto;
3.1.7All the Liabilities in annexure three hereto;
3.1.8All the Obligations referred to in annexure four hereto.

 

3.2The Employees (referred to in Annexure 10) of an ITB (name of ITB’s) so transferred are dealt with in accordance with the Regulations.

 

3.3The risk, benefit and effective control of the ITB in the Assets, Rights, Liabilities and Obligations shall pass to the SETA on the Effective Date.