Further Education and Training Colleges Act, 2006 (Act No. 16 of 2006)

Chapter 7A : South African Institute for Vocational and Continuing Education and Training

43K. Closure and disestablishment of Institute
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(1)The Minister may, by notice in the Gazette, close and disestablish the Institute.

 

(2)Before making a decision under subsection (1) the Minister must, subject to the Promotion of Administrative Justice Act, 2000 (Act 3 of 2000)—
(a)give notice to the board of the intention to issue a directive;
(b)give the board a reasonable opportunity to make representations; and
(c)consider those representations.

 

(3)If the Institute is closed and disestablished in terms of subsection (1), all assets and liabilities must, after such closure and disestablishment, be dealt with by the Minister according to the law and any assets remaining after payment of all liabilities vest in the State.

 

(4)Any immovable property belonging to the Institute must be transferred to the State.

 

[Section 43K inserted by section 15 of Act No. 1 of 2013]