Labour Relations Act, 1995 (Act No. 66 of 1995)NoticesBargaining Council for the Hairdressing, Cosmetology, Beauty and Skincare Industry (Pretoria)Main Collective Agreement47. Dissolution of Council |
| (1) | In the event of the expiration of this Agreement or any extension or renewal thereof by efflux ion of time or any other cause, and a subsequent agreement providing for the continuation of the Trust Account not being negotiated within a period of 12 months from the date of such expiration or the Trust Account not being transferred by the Council within such period to any other trust account constituted for the same purposes as that for which the original Trust Account was created, or in the event of the dissolution of the Council, the moneys standing to the credit of the Trust Account shall be refunded to the employers and employees who had contributed to it. |
| (2) | The Trust Account shall during the said period of 12 months or until such time as it transferred to any other trust account referred to above or continued by a subsequent agreement, be administered by the Council. |
| (3) | Any amount that cannot be disposed of in terms of this clause after the expiration of six months from the date it became payable to the person who was entitled thereto, shall be paid into the Council"s general funds and if the Council has been dissolved by that date, such amount shall be dealt with in terms of section 59 and 60 of the Act as if it has formed part of the General Funds of the Council. |
Signed at Pretoria for and on behalf of the parties, this 06 Day of December 2012.
Altia Strydom
Chairperson of the Council
Stephe Delport
Vice-Chairperson of the Council
Karen Ellis
Acting Secretary of the Council