33Transfer of training contract

33 Transfer of training contract

(1)  A party to a training contract, with the approval of and subject to any conditions determined by the TTAC, may transfer the contract to another employer in the qualification or set of qualifications to which the agreement relates.

(2)  If an employer who is a party to a training contract sells or otherwise disposes of the business, or any part of the business, that relates to a qualification or set of qualifications to which the contract relates –

(a) that employer, in writing and within 14 days after the completion of the sale or other disposal, must notify the TTAC of –

(i) the reference number of the training contract; and

(ii) the details of the sale or other disposal, in accordance with any relevant TTAC guidelines; and

(iii) the name and address of the person acquiring the business or part of the business; and

(iv) any other information required by the TTAC guidelines; and

(b) despite subsection (1) , the training contract, in so far as it relates to that qualification or set of qualifications, is transferred to the purchaser or other person who acquires the business or part of the business.

(3)  If a partnership, or a partner in a partnership, is the employer under a training contract and a partner or that partner dies, resigns or is removed from office –

(a) the surviving or continuing partners, in writing and within 14 days after the death, resignation or removal from office, must notify the TTAC of –

(i) the reference number of the training contract; and

(ii) the death, resignation or removal from office of the partner; and

(iii) any other information required by the TTAC guidelines; and

(b) if –

(i) the partnership is the employer under the training contract, the training contract continues; or

(ii) that partner is the employer under the training contract, the training contract is transferred to all the surviving or continuing partners.