Merchant Shipping (International Oil Pollution Compensation Fund) Contributions Act, 2013 (Act No. 36 of 2013)

3. Determination of levy
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(1)        The Minister must, by notice in the Gazette, determine the rate of the levy for the particular tax period, taking into account the following:

(a)The contributions calculated and invoiced by the Director of the Fund in terms of Article 12 of the 1992 Fund Convention in respect of the tax period; and

(b)        the volume of contributing oil imported in the tax period.

 

(2)        The Minister must specify the date on which the levy is due and payable in the notice referred to in subsection (1).