Community Schemes Ombud Service Act, 2011 (Act No. 9 of 2011)RegulationsRegulations on Community Schemes Ombud ServiceChapter 3 : Scheme Levies and Service Fees13. Interest on overdue amounts |
Any community scheme which, or person who, fails to pay a levy or any other amount due to the Service on the date that amount is due and payable must pay the Service interest on that amount for the period it remains outstanding at a rate prescribed by the National Credit Act, 2005 (Act No. 34 of 2005), as amended.