In these regulations, unless the context otherwise indicates, a word or expression to which a meaning has been assigned in the Electronic Communications Act, 2005 (Act No. 36 of 2005) has the meaning so assigned:

"the Act"

means the Electronic Communications Act, 2005 (Act No. 36 of 2005);

"Accounting Officer"

means the Chief Financial Officer (CFO) or alternatively the executive in charge of financial management of the licensee, or equivalent;

"Administrative fees"

means the fees payable in terms of regulation 3(2) and contained in Schedule 1;

"Annual Licence Fees"

means the fees payable in terms of regulation 3(1) and contained in Schedule 2;

"Applicable Interest Rate"

means the uniform interest rate set by the Minister of Finance in terms of section 80(1)(b) of the Public Finance Management Act 1 of 1999;

"BS Licensee"

means broadcasting service licensee;

"ECNS Licensee"

means Electronic Communications Network Service Licensee;

"ECS Licensee"

means Electronic Communications Service Licensee;

"Licensed Service"

as defined in the Electronic communications Act under "broadcasting service", "electronic communications service" and "electronic communications network service"; and as contained in the relevant licence and does not include the resale of electronic communications services, service provider discounts, agency fees, interconnection and facilities leasing charges and government grants and subsidies;

"Revenue"

means Revenue as defined in terms of the International Accounting Standard 18 and disclosed in the Licensee's audited Annual Financial Statements, i.e. the gross inflow of economic benefits during the period arising in the course of the ordinary activities of the entity when those inflows result in an increase of equity other than increases relating to contributions from equity participants.