Community Schemes Ombud Service Act, 2011 (Act No. 9 of 2011)

In these regulations, any word or expression to which a meaning has been assigned by the Act shall bear the same meaning assigned to it in the Act, and unless the context indicates otherwise—

"applicable levy factor"

means levy factor set by the Minister for that category of scheme;

"Board"

means the body established in terms of section 6 of the Act;

"chairperson"

means the chairperson of the Board appointed by the Minister in terms of section 6(4) of the Act;

"chief ombud"

means the chief ombud of the Service appointed in terms of section 14 of the Act;

"managing agent"

means a person who provides management services to a community scheme for reward, whether monetary or otherwise, including any person who is employed to render such services;

"scheme executive"

means a person who is a trustee, director, or another person who exercises executive control of a community scheme;

"scheme management service"

means any financial, secretarial, administrative or other service relating to the administration of a community scheme;

"the Act"

means the Community Schemes Ombud Service Act, 2011 (Act No. 9 of 2011).