Files
| Attachment | Size |
|---|---|
| 50965nationalsmallenterpriseamendmentact212024.pdf | 633.19 KB |
21 of 2024
The National Small Enterprise Amendment Act 21 of 2024 intends:
- to amend the National Small Enterprise Act, 1996, in order
- to amend, delete, insert and to substitute certain definitions;
- to provide for the report of the Advisory Body;
- to provide for the establishment of the Small Enterprise Development Finance Agency;
- to provide for the functions of the Agency; to ensure the provision of financial and non-financial support services to small enterprises;
- to promote the development of sustainable and responsible co-operative banking;
- to provide for the establishment of the Office of the Small Enterprise Ombud Service;
- to enable an equitable trading environment for small enterprises through the provision of affordable and effective access to justice;
- to empower the Minister to declare certain practices in relation to small enterprises to be prohibited as unfair trading practices;
- to provide for the transitional arrangements necessitated by the establishment of the Agency;
- to effect consequential or necessary amendments to the Co-operative Banks Act, 2007, and to the Co-operatives Act, 2005; and
- to provide for matters connected therewith.
Amends
Commencement
- 1 October 2024: Sections 1 to 4, 6 to 7, 9, 10(1), 10(3) to 10(9) (Gazette 51308 of 27 September 2024)
- 1 December 2024: Section 10(2) (Gazette 51308 of 27 September 2024)
