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FASSET | Annual Integrated Report 2022/23






            9.  LEGISLATIVE AND OTHER MANDATES


            As a public entity listed in Part A of Schedule 3 of   •  Public Audit Act 2004, Act 25 of 2004;
            the PFMA, FASSET is established in accordance with   •   Public Finance Management Act 1999, Act  1 of
            Section 9 of the SDA, having all the powers granted    1999; and
            to it in terms of this Act. FASSET’s scope of coverage
            is the Finance and Accounting Services sector as    •   Protection of Personal Information Act 2013, Act
            determined by Section 9(2) of the SDA, read in         4 of 2013.
            conjunction with Government Gazette No. 33756,
            RG 9417, No R1055 of 11 November 2010.            Policy mandates include the:
                                                                •  White Paper for PSET (2014);
            The SDA and SDLA provide the framework for
            FASSET to develop and implement national, sectoral   •  The National Development Plan Vision 2030;
            and workplace strategies to enhance the skills of      and
            the workforce, which improve employability and      •  National Skills Development Plan (NSDP) Twenty
            productivity, and boost the competitiveness of the     Thirty (NSDP 2030).
            country.
                                                              Other documents include:
            The PFMA promotes sound financial management
            based on efficient and effective use of financial   •  Framework for Managing Performance
            resources. The National Qualifications Framework       Information; and
            (NQF) Act 2008, Act 67 of 2008, provides for the    •  Framework for SPs and Annual Performance
            regulation of qualifications and professional bodies,   Plans (APPs).
            and establishes the quality councils with which the
            SETA interacts. FASSET also takes its cue from the   •  Guidelines on the Implementation of SETA Grant
            SETA-standard Constitution, as well as important       Regulations.
            sector-specific transformative documents such as the
            Financial Sector Charter.

            FASSET supports the goals and objectives of
            the Human Resources Development Strategy for
            South Africa, and also the Medium-Term Strategic
            Framework that indicates economic growth drivers,
            and the NSDP 2030.

            Additional legislation key to enhancing and shaping
            FASSET’s activities include the following Acts
            incorporating the amendments thereafter:
              •   Basic Conditions of Employment Act 1997,
                 Act 75 of 1997;

              •  Broad-Based Black Economic Empowerment
                 Act 2003, Act 53 of 2003;
              •  Division of Revenue Acts 2022, Act 5 of 2022,
                 as amended;
              •  Employment Equity Act 1998, Act 55 of 1998;
              •  Income Tax Act, Act 58 of 1962;
              •  Labour Relations Act 1995, Act  66 of 1995;

              •  National Qualifications Framework Act 2008,
                 Act 67 of 2008;
              •  Preferential Procurement Policy Framework
                 Act 2000, Act 5 of 2000;

                                                             Make the future count.
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