| 8. | CONTRIBUTIONS | |
| 8.1 | From the wage of each employee who has not been excluded or exempted from membership of the Fund the employer must, as from the date of coming into operation of this Agreement, deduct each month, including any month during which an employee is on paid leave, contributions to the Fund at the rate of one per cent of the wage for that employee as prescribed in the Main Collective Agreement. |
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| 8.2 | To the amount deducted in terms of clause 8.1 the employer must add contributions to the Fund for each employee at the rate of one half of one per cent of the wage for that employee as prescribed in the Main Collective Agreement. | |
| 8.3 | Each employer who has not been excluded or exempted from membership of the Fund under the provisions of this Agreement must, as from the date of coming into operation of this Agreement, contribute each month, including any month during which such employer is on ordinary or sick leave, contributions to the Fund, at the rate of one and one half per cent of the wage specified for a qualified hairdresser who is the holder of a COTT Certificate. | |
| 8.4 | The employer is obliged to remit the total sum for each month, being: | |
8.4.1 |
the amount deducted from the employee in terms of clause 8.1, plus the amount added by the employer in terms of clause 8.2; and |
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| 8.4.2 | the employer’s contributions in terms of clause 8.3, | |
| to the Bargaining Council, together with a statement in the form of “Annexure A” to the Main Collective Agreement by the prescribed day as specified in the Main Collective Agreement. | ||
| 8.5 | Members admitted in terms of clause 6.4 must pay employer and employee contributions on the same scale as the contributions payable by employees in the industry. | |
| 8.6 | If any amount due in terms of this agreement is not paid over to the Council on the date due the employer must pay interest thereon calculated at the prevailing prime rate, plus 2% per annum from due date to date of payment. The Fund is entitled in its absolute discretion to waive the payment of such interest or part thereof. | |
| 8.7 | The contributions collected by the Council in terms of this agreement shall be paid over to the to the Fund within 7 days after receipt thereof. | |