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

Notices

Bargaining Council for the Metal and Engineering Industries

Extension of the Consolidated Main Collective Agreement to Non-parties (for the period 1 July 2021 to 30 June 2024)

Part 2

5. Annexures

Annexure K - National Exemptions Policy

Criteria for Exemption

4. Struggling Business Exemption
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4.1 Application for exemption or deferment of implementation from specified provisions of the Main Agreement will be dealt with after giving consideration to the following:

 

4.1.1 clear evidence of financial difficulties including:

 

4.1.2 the most recent set of annual financial statements and auditor’s report signed by the auditor (or accounting officer in the case of CC’s);

 

4.1.3 management accounts covering the period from the date of the above financial statements to two months prior to the date of application;

 

4.1.4 An explanation of the difficulties being faced by the company.

 

The exemption will be valid for a period of one year and any extension will require re-application.