Supreme Court Act, 1959
R 385
Electronic Communications Act, 2005 (Act No. 36 of 2005)RegulationsUSAF Regulations, 20114. Payment of Contributions |
| 1) | Where a legal entity holds any combination of a BS Licence, ECS Licence and/or ECNS Licence, such entity may calculate the USAF contribution based on the Annual Turnover from aggregated revenue generated from the combined licences. |
| 2) | Payments in respect of contributions to the Fund: |
| a) | are due annually based on the licensee's financial year; |
| b) | are payable within 6 months from the end of the licensee's financial year; and |
| c) | may only be paid by way of an electronic transfer or via a direct deposit into the Authority's bank account, and |
| d) | must be based on the: |
| i) | Audited annual financial statement of the licensee; or |
| ii) | Financial statements signed and sworn to by the accounting officer of the licensee where the licensee is not legally obliged to provide audited financial statements. |
