Labour Relations Act, 1995 (Act No. 66 of 1995)

Notices

National Textile Bargaining Council

Collective Agreement

Part 1

H: General

44. Failure to make Payments to the Council
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44.1 If any amount that is payable to the Council in terms of this Agreement is not paid by the stipulated date—
44.1.1 interest will accrue on that amount from the stipulated date of payment;
44.1.2 the employer will become liable for any legal costs incurred by the Council for recovery of the amounts due;
44.2The interest referred to above is the interest prescribed from tune to time in terms of the Prescribed Rate of Interest Act, 1975 [as amended];