Skills Development Levies Act, 1999 (Act No. 9 of 1999)Chapter 1 : Administration, Imposition and Recovery of Levy9. Distribution of Levies paid to SETA |
Subject to section 10(3), the executive officer of a SETA or its approved body, as the case may be, must—
| (a) | not later than the 15th day of each month, pay 20 per cent of the levies collected by that SETA in terms of section 7(1), and of any interest and penalties collected in respect thereof, to the National Skills Fund; |
| (b) | deal with the balance of the levies, interest and penalties so collected in accordance with section 14 of the Skills Development Act. |