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

Regulations

Standard Constitution of SETA Regulations

21. Amalgamation and Dissolution of SETA

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(1)The Minister may, after consulting with the NSA and the Accounting Authority, and subject to section 9(2) of the Act, amalgamate the SETA with one or more other SET As in accordance with section 9A of the Act.

 

(2)

(a)The Minister may, after consultation with the NSA and the Accounting Authority, dissolve the SETA if the SETA is unable to continue performing its functions.
(b)Any assets remaining after all liabilities of the SETA have been met, must be dealt with in terms of section 9A(6) of the Act.