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

Notices

Purchase

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.