A Briefing Session by HRD Corp was organised on 21 Sept 2021 for TEEAM Members to understand the Expansion of the PSMB Act 2001. The list of industry/sector/activity coverage has been expanded effective 1 March 2021. Employers with min 10 local employees must register with the HRD Corp and contribute 1% from employees’ gross salary + fixed allowance to the HRD Corp levy. Employers of the newly covered industry/sector/activity who register before 1 Jan 2022 will enjoy levy exemption from July 2021 till Dec 2021. The expansion of the coverage is aimed to increase training access for all employers to improve labour productivity and to build a strong skilled workforce. A copy of the presentation material can be obtained from the TEEAM Secretariat for members’ reference. Please email to teeam52@gmail.com.
LIST OF INDUSTRIES COVERED- PMSB ACT 2001 (effective 1 Mar 2021)
PSMB ACT 2001_AMENDMENT-OF-FIRST-SCHEDULE-ORDER-2021-1
