Cafodd y Ddeddf ei chyflwyno ar 1 Ebrill 2013, gan dderbyn Cydsyniad Brenhinol ar 27 Ionawr 2014. Daeth gweddill y darpariaethau i rym ar 1 Medi 2014. Ei phrif nod oedd diddymu gofynion diangen neu dechnegol sydd ar sefydliadau addysg bellach yng Nghymru. O wneud hynny, rhagwelir y bydd y Swyddfa Ystadegau Gwladol unwaith eto yn rhoi statws ‘Sefydliadau Di-elw sy’n Gwasanaethu Aelwydydd’ i golegau Cymru, a bydd cais ffurfiol yn gofyn am ailddosbarthu’r colegau hyn yn cael ei gyflwyno yn awr  i’r Swyddfa Ystadegau Gwladol.
The Act was introduced on 1 April 2013, received Royal Assent on 27 January 2014, and the remaining provisions of the Act were brought into force on 1 September 2014.  Its primary purpose was to remove unnecessary or technical requirements from further education institutions in Wales.  In doing this it is anticipated that the Office for National Statistics (ONS) will once again classify colleges in Wales as having ‘Non Profit Institutions Serving Households’ (NPISH) status.  A formal submission seeking reclassification will now be made to the ONS.