Page 33 - Robin Twaddle PTG 2017 Digital

The Minister, may, by notice in the Government Gazette, set and amend a maximum
amount of the levy for a community scheme in each category, an applicable levy factor in
the form of a decimal fraction for each of the various stated categories of scheme, and the
rates of discount or waivers of levies and the details for qualifications for such discounts or
waivers.

The levy is calculated subject to any applicable maximum amount, discount or waiver,
according to the following formula:

The lessor of R40 or 2% of the amount by which the monthly levy
charged by the Scheme exceeds R500

Amounts paid are therefore proportionate to the levy amounts paid.

Each scheme must calculate CSOS levy due by each owner on a monthly basis, and pay
across to the CSOS on a quarterly basis.

The following Table, which is set out in the Regulations, gives illustrative values of the
prescribed monthly levy payable:

Monthly levy Monthly Monthly levy Monthly Monthly levy Monthly
charged by CSOS charged by CSOS charged by CSOS
the community Levy the community Levy the community Levy
schemes payable schemes payable schemes payable

R0 – R500 R0.00 R900 R8.00 R1 750 R25.00

R600 R2.00 R1 000 R10.00 R2 000 R30.00

R700 R4.00 R1 250 R15.00 R2 250 R35.00

R800 R6.00 R1 500 R20.00 R2 600 R40.00

Should a community scheme, or person, fail to pay a levy or amount due to the CSOS on
the date due and payable, interest on that amount is payable for the period it remains
outstanding at a rate prescribed by the National Credit Act (no. 34 of 2005), as amended.

ANNUAL RETURNS, ANNUAL FINANCIAL STATEMENTS, CERTIFICATES AND FORMS

Every community scheme must file an annual return, and a copy of its annual financial
statements with the Ombud Service, in the prescribed form, within 4 months after the end
of the community scheme’s financial year.

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