Council for Medical Schemes Levies Act, 2000 (Act No. 58 of 2000)3. Distribution of levies |
| (1) | The levies imposed or varied or rate of interest determined under section 2(1), forms part of the funds of the Council, subject to subsections (2) and (3), and must be dealt with in terms of section 12 of the Medical Schemes Act, 1998 (Act No. 131 of 1998). |
| (2) | The levies and interest collected by the Council must be paid into a bank account designated for such purpose by the Council and approved by the National Treasury in terms of section 7(2) of the Public Finance Management Act, 1999 (Act No. 1 of 1999). |
| (3) | At least six months before the start of the financial year of the Department of Health, or within another period agreed between the Minister and the Council, the Council must submit to the Minister— |
| (a) | a budget of estimated revenue and expenditure for the Council’s next financial year in terms of section 53 of the Public Finance Management Act, 1999; and |
| (b) | a corporate plan in the prescribed format covering the affairs of the Council for the Council’s following three financial years in terms of section 54(1) of the Public Finance Management Act, 1999, |
for approval by the Minister, with the concurrence of the Minister of Finance.