Skills Development Act, 1998 (Act No. 97 of 1998)SchedulesSchedule 2 : Transitional Provisions (Section 37(2))15. Telecommunications sector |
| (1) | Subject to subitem (2), the Human Resources Fund referred to in section 78(1) of the Telecommunications Act continues to exist as if sections 78 to 87 of that Act had not been repealed. |
| (2) | The Fund referred to in sub-item (1) ceases to exist— |
| (a) | on 31 March 2000; or |
| (b) | on the establishment of a SETA with jurisdiction in the telecommunications sector. |
| (3) | If that Fund ceases to exist in terms of— |
| (a) | subitem (2)(a), the balance of the money in the Fund must be transferred to the National Skills Fund; or |
| (b) | subitem (2)(b), the balance of the money in the Fund must be transferred to the SETA referred to in that subitem. |
| (4) | Subject to subitem (5), the contributions contemplated in section 86(1) of the Telecommunications Act which are in force immediately before the commencement of this Act, remain in force until 31 March 2000 as if that Act had not been repealed. |
| (5) | If a SETA with jurisdiction in the telecommunications sector is established, the contributions contemplated in subitem (4) must be credited to that SETA. |