In these regulations, unless the context otherwise indicates, a word or expression to which a meaning has been assigned in the Act has the meaning so assigned.

"Act"

means the Electronic Communications Act, 2005 (Act No.36 of 2005, as amended);

"Agency fees"

means the percentage of fixed fees due to the agent;

"Annual Turnover"

means total revenue generated from Licensed Activity per annum less service provider discounts, agency fees, interconnection and facilities leasing charges, government grants and subsidies;

"Applicable Interest Rate"

means the uniform interest rate set by the Minister of Finance in terms of section 80(1) (b) of the Public Finance Management Act 1 of 1999;

"BS Licensee"

means broadcasting service licensee;

"ECNS Licensee"

means Electronic Communications Network Service Licensee;

"ECS licensee"

means Electronic Communications Service Licensee;

"Fund"

means the Universal Service and Access Fund established in terms of section 87(1) of the Act;

"Licensed Services"

means ECS, ECNS and BS provided pursuant to a licence issued to a Licensee in terms of Chapters 3, 4 and 9 of the Act.

"the MDDA"

means the Agency established in terms of the Media Development and Diversity Agency Act No.14 of 2002;

"Service provider discounts"

means financial incentives offered to service providers by licensees for the purpose of subscriber base improvement;

"USAF Contribution"

means the payment due to the Fund in terms of these regulations.