To amend the Basic Conditions of Employment Act, 1997, so as to substitute certain definitions; make certain textual alterations; regulate the extension of overtime by collective agreement; regulate the payment of contributions to benefit funds; provide for the determination of categories of payment to calculate remuneration; provide for employees whose contracts of employment terminate due to insolvency to receive severance pay; specify circumstances under which ordinary hours of work can be varied; provide for the appointment of alternate members from organised labour and business to the Employment Conditions Commission; make further provision regarding the issuing of compliance orders; clarify the basis for the calculation of interest; confer specific powers on the Labour Court; create a presumption as to who is an employee; deem wage determinations to be sectoral determinations; and provide for matters connected therewith.