Cap. 325 Art. 19Training grants.

(1) Where the Corporation is satisfied that any employee engaged by a qualifying company on or after 1st June, 1987 is a full-time employee engaged for an indefinite period, and that such employee is undergoing training related to the activities of the company in accordance with a training programme approved by the Corporation, a training grant may be given by the Corporation to the company equivalent to one-half of the statutory weekly minimum wage for every week of actual training undergone by each such employee up to a maximum of forty-eight weeks.

(2) Where the Corporation is satisfied that, on or after 1st January, 1993, a full-time employee who has been employed in a supervisory or higher capacity by the company for at least three years undergoes a training programme leading to a certificate in instruction or training skills approved by the Corporation in advance and related to the activities of the company, a training grant may be given by the Corporation to the company equivalent to one-half of the actual tuition fees incurred by the company.

(3) Where the Corporation is satisfied that, on or after 1st January, 1993, a full-time employee engaged for an indefinite period by a qualifying company undergoes a training programme in order to acquire new skills required by the company due to the introduction of new technology or methods of production and such training programme has been approved by the Corporation in advance, a training grant may be given by the Corporation to the company equivalent to one-half the statutory weekly minimum wage for every week of actual training undergone by such employee up to a maximum of forty-eight weeks:

Provided that the company shall qualify for such grant only in respect of employees who have not benefited from this scheme during the two years preceding the year in respect of which such grant shall be paid.

(4) Where the Corporation is satisfied that, on or after 1st January, 1993, a full-time management employee who has been so engaged by a qualifying company for at least three years and is either qualified in a specific management or technical area or has not less than three years managerial or technical experience, undergoes a course in management development training or a technical upgrading course which has been approved by the Corporation in advance, a training grant may be given by the Corporation to the company equivalent to one-half of the actual tuition fees incurred by the company.

(5) Where the Corporation is satisfied that, on or after 1st January, 1993, a full-time employee employed by a qualifying company for an indefinite period undergoes a training programme which is necessary in view of a complete change in his employment within the company, which programme has been approved by the Corporation in advance, a training grant may be given by the Corporation to the company equivalent to one-half of the statutory weekly minimum wage for every week of actual training undergone by such employee up to a maximum of forty-eight weeks.

(6) Where the Corporation is satisfied that any trainee in respect of whom a grant is paid under the provisions of this article is a handicapped person, the Corporation may, in its discretion, increase the grant in respect of the said trainee to three quarters of the statutory weekly minimum wage or of the actual tuition fees, as the case may be.

(7) A training grant received by a company under this article shall not constitute a taxable receipt under the Income Tax Act.

(8) As from such date as may be determined by the Minister by * order in the Gazette , the provisions of this article shall only be applicable to training programmes which were approved by the Corporation prior to that date.

*1st January, 2002 - see Legal Notice 135 of 2001.