Statistics Act, 1999
R 385
Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 16 : Fees, Levies and FinancesPart 1 : Fees and levies238. Fees, levies and deposit insurance premiums to be debts |
[Section 238 heading substituted by the Schedule: Amendment of Laws: Section 4 of the Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 (Act No. 12 of 2022), Notice No. 1512, GG47696, dated 9 December 2022, per section (d), item (5)(a) of Commencement Notice No. 3188, GG48291, dated 24 March 2023]
| (1) | A fee, levy or deposit insurance premium payable to a financial sector body in terms of section 237 is a debt due to the financial sector body. |
[Section 238(1) substituted by the Schedule: Amendment of Laws: Section 4 of the Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 (Act No. 12 of 2022), Notice No. 1512, GG47696, dated 9 December 2022 - 1 April 2023 in respect of fees and levies for financial sector bodies other than the Corporation for Deposit Insurance and 1 April 2024 in respect of deposit insurance levies and deposit insurance premiums for the Corporation for Deposit Insurance per section (d), item (5)(b) of Commencement Notice No. 3188, GG48291, dated 24 March 2023]
| (2) | A financial sector body may recover the amount of a debt due in terms of this section by way of a judicial process in a competent court. |
