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

Notices

Bargaining Council for the Furniture Manufacturing Industry

KwaZulu Natal

Extension to Non-Parties of the Provident Fund and Mortality Benefit Association Collective Agreement

Chapter ll

10. Provident Fund for the Furniture Manufacturing Industry, KwaZulu-Natal

The Provident Fund, formerly known as the "Benefit Fund for the Furniture Industry" which was established in terms of the Agreement published under Government Notice 475, dated 28 March 1958, and which was subsequently know as the "Provident Fund Sick Benefit Society and Mortality Benefit Association", is hereby continued in so far as matters relating to the Provident Fund and Mortality Benefit Association for the Furniture Manufacturing Industry, KwaZulu-Natal, is concerned, under the name "Provident Fund for the Furniture Manufacturing Industry, KwaZulu-Natal".

2	The Provident Fund shall consist of—

(a)	monies standing to the credit of the Provident Fund at the date of the coming into operation of this collective agreement;

(b)	the total weekly contributions of both the employers and members paid into the Provident Fund, less any amounts to be diverted in terms of clause 12(4);

(c)	interest derived from the investment of any monies of the Provident Fund;

(d)	any other monies to which the Provident Fund may become entitled by virtue of this collective agreement or for any other reason, or which may be donated to the Fund.

3	Copy of the Registered Rules of the Provident Fund as amended from time to time and a copy of the audited financial statement shall be submitted to the Registrar of Labour Relations.