Community Schemes Ombud Service Act, 2011 (Act No. 9 of 2011)RegulationsRegulations on Community Schemes Ombud ServiceChapter 3 : Scheme Levies and Service Fees11. Levies and amounts payable |
| (1) | Every community scheme must pay the levy referred to in the Community Schemes Ombud Service Regulation: Levies and Fees on quarterly basis. |
| (2) | The Minister may, by notice in the Gazette, set and amend— |
| (a) | an applicable levy factor in the form of a decimal fraction for each of various stated categories of scheme, with definitions of each category; |
| (b) | a maximum amount of the levy for a community scheme in each category; and |
| (c) | the rates of discount or waivers of levies, with details of the qualifications for such discounts or waivers. |
| (3) | The levy is calculated subject to any applicable maximum amount, discount or waiver referred to in subregulation (2), according to the following formula: |
| (a) | The lesser of R 40.00 or 2% of the amount by which the monthly levy charged by the Scheme exceeds R 500.00. |