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Companies Act, 2008 (Act No. 71 of 2008)

Notices

Business Rescue Continuing Professional Development Policy

11. Exemptions

 

Individuals may apply for exemption from the requirements of this policy in exceptional circumstances. To qualify for an exemption, members must not be professionally active.

 

Explanation

 

Members apply for exemption by submitting an application with the relevant information. All applications submitted are assessed on a case -by -case basis. Prior to the submission of an application for an exemption from the CPD policy the member must consider the following aspects:

 

• The member must not be professionally active - i.e. may not carry out any work that is associated with BRP, regardless of whether it is paid or unpaid work; and
• Should be for an extended period of time, i.e. the member does not plan to do so for a significant period of time.

 

Once the exemption has been granted to the member, this will remain in place until the circumstances for which the exemption was granted are no longer applicable. The onus is on the member to inform the professional body when the circumstances around the granting of the exemption are no longer applicable.

 

The following is an example of, but not limited to, circumstances for which an exemption may be granted to a member:

 

• Members who take extended leave from work for family-related reasons; e.g. a member who decides to take family responsibility leave.