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

Constitutions

Constitution of the Public Service Sector Education and Training Authority (PSETA)

20. Dissolution/Winding Up
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(1)The Minister may, after consultation with the NSA and the Authority, by notice in the Government Gazette direct the Director-General to close down the Authority.

 

(2)When the Authority closes down it has to payoff all its debts. Any assets remaining after all liabilities have been met, will be transferred to the National Skills Fund.