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

Regulations

Regulations on Community Schemes Ombud Service

Chapter 3 : Scheme Levies and Service Fees

13. 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.