Labour Relations Act, 1995 (Act No. 66 of 1995)NoticesMotor Industry Bargaining Council (MIBCO)Main Collective AgreementDivision A : Provisions Applicable to all Establishments in the IndustryClause 5 : Leave5.1 Annual Leave and Accrued Leave Pay(7) Deductions from leave pay |
Except as provided elsewhere in this Agreement, no deductions from leave pay shall be made as a set-off against any moneys that may be owing to the employer: Provided that the following conditions shall apply to staff loans:
| (a) | Staff loans shall be limited to mutually agreed upon amounts advanced as a bona fide loan; |
| (b) | The employee shall consent to the staff loan in writing (acknowledgement of the loan stipulating the amount of the loan, interest if any, instalments and the terms of the loan); |
| (c) | A copy of the acknowledgement of the loan shall be kept for purposes of MIBCO inspections and the employee concerned shall be handed a copy thereof; |
| (d) | The maximum amount deducted each month shall be in accordance with the limitations set out in clause 5 of the Administrative Agreement; |
| (e) | The aforementioned limitations may be exceeded in the event of termination of employment of whatever reasons with the written approval from the Regional Council concerned. |