Acts Online
GT Shield

Electronic Communications Act, 2005 (Act No. 36 of 2005)

Regulations

USAF Regulations, 2011

4. 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.