Skills Development Fund (Amendment) Act 2026 · s 30

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30.
Amendment of section 53
Section 53 of the principal Act is amended—
(a)	 in the shoulder note, by inserting after the words
“skills training loan” the words “or skills training financial assistance”;
(b)	 in subsection (1)—
(i)	 by substituting for the words “Any loan” the words
“Any skills training loan or skills training financial assistance”;
(ii)	 in paragraph (a), by inserting after the words
“skills training loan” the words “or skills training financial assistance”; and
(iii)	 by substituting for paragraph (e) the following paragraph:

“(e)	 the loan recipient or financial assistance recipient refuses or fails to follow the skills training programme or other training programme; or”;
(c)	 in subsection (2), by substituting for the words “a loan”
the words “a skills training loan or skills training financial assistance”; and

Skills Development Fund (Amendment)
(d)	 in subsection (3)—
(i)	 by substituting for the words “revocation of a loan” the words “revocation of a skills training loan or skills training financial assistance”; and
(ii)	 by substituting for the words “terms of the loan”
the words “terms of the skills training loan or skills training financial assistance”.

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s 30Amendment of section 53

Section 53 of the principal Act is amended—

(a)

in the shoulder note, by inserting after the words

“skills training loan” the words “or skills training financial assistance”;

(b)

in subsection (1)—

(i)

by substituting for the words “Any loan” the words

“Any skills training loan or skills training financial assistance”;

(ii)

in paragraph (a), by inserting after the words

“skills training loan” the words “or skills training financial assistance”; and

(iii)

by substituting for paragraph (e) the following paragraph:

“(e) the loan recipient or financial assistance recipient refuses or fails to follow the skills training programme or other training programme; or”;

(c)

in subsection (2), by substituting for the words “a loan”

the words “a skills training loan or skills training financial assistance”; and

Skills Development Fund (Amendment)

(d)

in subsection (3)—

(i)

by substituting for the words “revocation of a loan” the words “revocation of a skills training loan or skills training financial assistance”; and

(ii)

by substituting for the words “terms of the loan”

the words “terms of the skills training loan or skills training financial assistance”.