| (1) |
The prohibition on the levying of rates on public service infrastructure referred in section 17(1)(aA) must be phased in over a period of five municipal financial years, with effect from the date of commencement of this Act. |
| (2) |
The rates levied on property referred to in subsection (1) must— |
| (a) |
in the first year, be no more than 80 per cent of the rate for that year otherwise applicable to that property; |
| (b) |
in the second year, be no more than 60 per cent of the rate for that year otherwise applicable to that property; |
| (c) |
in the third year, be no more than 40 per cent of the rate for that year otherwise applicable to that property; |
| (d) |
in the fourth year be no more than 20 percent of the rate for that year otherwise applicable to that property; and |
| (e) |
in the fifth year, be no more than 10 percent of the rate for that year otherwise applicable to that property. |
[Section (93A) inserted by section 35 of Act No. 29 of 2014]
Electricity Regulation Act, 2006
