The CSOS Act provides that every community scheme must pay the service levy with effect from the commencement date of the Act. The commencement date of the Act was January 2017.
Currently there are schemes that have not registered with the CSOS. Arrear levies must be collected and adequately accounted for in terms of the Generally Recognised Accounting Practice.
Section 59(a) of the CSOS Act provides that: “Every community scheme must, with effect from the commencement date of the Act, in each calendar year and at such time as may be prescribed, pay to the service a levy in an amount calculated as prescribed, subject to such discounts or waivers as may be prescribed”.
Section 22(1) further provides that the funds of the service consist of (amongst others):
(a) Levies collected from community schemes with the approval of
the minister and
(b) Fees for services rendered based on cost recovery