Labour Relations Act, 1995 (Act No. 66 of 1995)NoticesBargaining Council for the Furniture Manufacturing IndustryWestern CapeExtension to Non-parties of the Main Collective AgreementPart lC - Contributions and deductionsClause 48 - Provident Fund contributions |
| (1) | The Fund known as the "Provident Fund of the Furniture Industry of the Western Cape" ("the Fund") established in terms of Government Notice R.805 of 12 May 1972, continues as part of this Agreement and registered with the Financial Sector Conduct Authority under number 37935 and administrated in accordance with the Pension Fund Act, 1956 (Act 24 of 1956) (as amended), |
| (2) | Every Employee under the jurisdiction of this Agreement shall be member of the Provident Fund of the Furniture Industry of the Western Cape and the rules of the Fund shall apply. |
| (3) | The Council shall ensure with the rules of the Fund relating to the payment of contributions and the submission of monthly returns and follow its dispute resolution procedure to obtain such compliance. |
| (4) | The Fund shall be administrated in accordance with the Fund's rules specified for this purpose by the Fund's Board of Trustees with the approval of the Financial Sector Conduct Authority and in terms of the Pension Funds Act. |
| (5) | Auditors as defined in the application law shall be appointed by the Board of Trustees who shall audit the accounts of the Fund in compliance with the relevant legislation. |