Gas Regulator Levies Act, 2002
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. |