Mutual Banks Act, 1993
R 385
South African Civil Aviation Authority Levies Act, 1998 (Act No. 41 of 1998)NoticesNotice made by the South African Civil Aviation Authority in terms of South African Civil Aviation Authority Levies Act, 1998 (Act No. 41 of 1998) on the Sale of Aviation Fuel - effective 1 May 20254. Penalty imposed by the South African Civil Aviation Authority in terms of Section 2(b) of the Levies Act |
| 4.1 | Interest at a rate of 2% above prime lending rate per annum, compounded monthly, is payable in respect of any outstanding balance of the fuel levy after the due date. |
| 4.2 | In addition to the interest charged in terms of paragraph 4.1 above, the South African Civil Aviation Authority may impose a 10% penalty of the value of the amount owed in circumstances where a wholesale distributor or participant fails to pay over monies to the South African Civil Aviation Authority within 21 days from the end of the month, during which, such monies become due and payable. |
| 4.3 | Returns and payments of a wholesale distributor or participant must be audited by a reputable external auditor appointed by the South African Civil Aviation Authority. The cost of the audit will be borne by the Authority, except in terms of paragraph 4.6 below. |
| 4.4 | The audits in terms of paragraph 4.3 above, shall be conducted for periods commencing from 1 January to 30 June, and 1 July to 31 December of each calendar year. |
| 4.5 | When an auditor appointed by the South African Civil Aviation Authority requests any information from a wholesale distributor or participant, such information shall be provided without delay and before the deadline provided by the auditor. |
| 4.6 | If a wholesale distributor or participant causes a delay in the audit contemplated in paragraph 4.3, any additional cost for a delay attributed to a specific wholesale distributor or participant may be recovered from such audited wholesale distributor or participant. |
