TRAINING AND SKILLS DEVELOPMENT ACT 2008 (NO 30 OF 2008) - SECT 52

TRAINING AND SKILLS DEVELOPMENT ACT 2008 (NO 30 OF 2008) - SECT 52

52—Transfer of training contract to new employer

        (1)         A change in the ownership of a business (or part of a business) does not result in the termination of a training contract entered into by the former owner but, where a change in ownership occurs, the rights, obligations and liabilities of the former owner under the contract are transferred to the new owner.

        (2)         If a training contract is transferred or assigned from 1 employer (the "former employer") to another (the "new employer") (whether by subsection (1) or otherwise), both the former employer and the new employer must, within 21 days of the transfer or assignment, notify the Commission in writing of the transfer or assignment.

Maximum penalty: $5 000.

Expiation fee: $315.