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s 54MA

Transfer of training contract where change of ownership of business

In force
Part 4Apprenticeships, traineeships and training contracts
Division 3CSubstitution of employer under training contract and transfer fees

54MA Transfer of training contract where change of ownership of business

(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 under this section, both the former owner and the new owner must, within 21 days of the transfer or assignment, notify the Commission in writing of the transfer. Maximum penalty: Maximum penalty: $5 000. Expiation fee: $315.

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