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What is the maximum penalty for non-compliance with the Employment Equity Act?
What is the maximum penalty for non-compliance with the Employment Equity Act?
- 10% of the annual turnover
- R2.7 million
- R2.2 million
- R1.5 million (correct)
What is the variable percentage of the annual turnover used to calculate the penalty for non-compliance with the Employment Equity Act?
What is the variable percentage of the annual turnover used to calculate the penalty for non-compliance with the Employment Equity Act?
- 7% of the annual turnover
- 5% of the annual turnover
- 10% of the annual turnover (correct)
- 12% of the annual turnover
How is the penalty for non-compliance with the Employment Equity Act determined?
How is the penalty for non-compliance with the Employment Equity Act determined?
- A fixed amount of R1.5 million
- The smaller of R1.5 million and 10% of the annual turnover (correct)
- The greater of R1.5 million and 10% of the annual turnover
- A fixed percentage of the annual turnover
What is the main purpose of imposing a penalty for non-compliance with the Employment Equity Act?
What is the main purpose of imposing a penalty for non-compliance with the Employment Equity Act?
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What is the relationship between the fixed amount and the percentage of the annual turnover in determining the penalty for non-compliance with the Employment Equity Act?
What is the relationship between the fixed amount and the percentage of the annual turnover in determining the penalty for non-compliance with the Employment Equity Act?
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