Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act
This section says words and expressions in the Act generally take their meaning from two other Acts, except the expression “this Act.”
AI-assisted research synopsis — verify against the official legal text below.
- Jurisdiction
- South Africa
- Instrument
- Act or statute
- Citation
- Act 12 of 2022
- Version
- Undated source snapshot
- Language
- en
- Updated
- Official source
- View official record ↗
accounting administration amendment amendment timing annual budget annual compliance annual report annual reporting application requirements assessment notices banking budget budget documents budget proposals business licence collections commencement compliance consultation debt debt recovery definitions deposit insurance deposit insurance fees +63 more
Publicly available, excluded from search-engine indexing
This page remains available for direct access and API use, but this release emits
noindex,follow for the following reason:
- The record does not meet this release's canonical indexing criteria.
(market-indexing-disabled)
Statute overview
About this statute
This section says words and expressions in the Act generally take their meaning from two other Acts, except the expression “this Act.” The provision gives defined terms their meanings from other Acts, except “this Act,” and says the Financial Sector Conduct Authority must collect and administer the specified levies. The Reserve Bank must collect and administer certain levies and deposit insurance premiums. The laws listed in the Schedule are amended as set out in the Schedule. The Act starts on a date fixed by the Minister by notice in the Government Gazette, and different parts may start on different dates. The schedule also indicates that listed laws are amended to the extent of 25 mentioned in the schedule.
Search within this statute
Search all stored provisions in this version.
Legal text
Provisions of Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act
Showing 82 of 82
- 1 Verify source ↗
In this Act, words and expressions, excluding the expression ‘‘this Act’’, have the
AI-assisted research summary: This section says words and expressions in the Act generally take their meaning from two other Acts, except the expression “this Act.”
1. In this Act, words and expressions, excluding the expression ‘‘this Act’’, have the meaning ascribed to them in section 1 of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017), and section 1 of the Financial Sector and Deposit Insurance Levies Act, 2022. Administration of levies 2. (1) (a) The Financial Sector Conduct Authority is responsible for the collection and administration of the financial sector levy and the special levy referred to in sections 2 to 8 and 12 of the Financial Sector and Deposit Insurance Levies Act, 2022, read with Schedules 2 to 5 to that Act, to provide for the funding of the Financial Sector Conduct Authority, the Office of the Pension Funds the Ombud Council, Adjudicator and the Office of the Ombud for Financial Services Providers. the Tribunal, (b) The financial sector levy referred to in section 4(1)(a) of the Financial Sector and Deposit Insurance Levies Act, 2022, and the special levy referred to in section 8(2)(a) of that Act, must be collected and administered by the Financial Sector Conduct Authority and paid to the financial sector bodies referred to in paragraph (a) in accordance with section 246 of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017). 5 10 15 This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi (tsamaiso) le dituelo tsa inšorense ya tipotsiti, 2022 no 12 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47696 3 NTLHATLHALOSO YA KAKARETSO: 3 [ ] Mafoko a a kwetsweng ka bontsho jo bo gateletsweng a a mo masakaneng a sekwere a bontsha tse di tlogetsweng go tswa mo melaong e e leng teng. Mafoko a a thaletsweng ka mola o o kopaneng a bontsha tse di tsentsweng mo melaong ya gajaana. (English text signed by the President) (Assented to 6 December 2022) MOLAO Go laela mabapi le kgobokanyo le tsamaiso ya makgethwana a a duediswang go ya ka Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, 2022; go tlhabolola Molao wa Taolo ya Lephata la Ditsˇhelete, 2017, gore go laelwe mabapi le tsamaiso ya makgethwana a a duediswang go ya ka Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, 2022; go laela mabapi le tuediso, kgobokanyo le tsamaiso ya dituelo tsa insˇorense ya tipositi; go tlhabolola Pension Funds Act, 1956, Banks Act, 1990, Mutual Banks Act, 1993, le Financial Advisory and Intermediary Services Act, 2002, go di lepanya le Molao wa Taolo ya Lephata la Ditsˇhelete, 2017, mabapi le go thusa ditheo tsa lephata la matlotlo ka matlole; le go laela mabapi le merero e e amanang le ona. ODIRWA MOLAO ke Palamente ya Rephaboleki ya Aforika Borwa, jaana:— Ditlhaloso - 1 Verify source ↗
Mo Molaong ono, mareo le ditlhagiso, ntle le tlhagiso ‘‘Molao ono’’, di na le bokao
AI-assisted research summary: The provision gives defined terms their meanings from other Acts, except “this Act,” and says the Financial Sector Conduct Authority must collect and administer the specified levies.
1. Mo Molaong ono, mareo le ditlhagiso, ntle le tlhagiso ‘‘Molao ono’’, di na le bokao jo bo di neilweng mo karolong 1 ya Molao wa Taolo ya Lephata la Ditsˇhelete, 2017 (Molao 9 wa 2017), le karolo 1 ya Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, 2022. Tsamaiso ya makgethwana 2. (1) (a) Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete bo rwala maikarabelo a go kgobokanya le go tsamaisa lekgethwana la lephata la ditsˇhelete le lekgethwana le le kgethegileng le le kailweng mo dikarolong 2 go fitlha go 8 le 12 tsa Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, 2022, ka puisommogo le Disˇejule 2 go fitlha go 5 tsa Molao oo, go laela mabapi le go thuswa ga Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete, Lekgotla, Khansele wa Ombud, Ofisi ya Moatlhodi wa Matlole a Phensˇene le Ofisi ya Ombud wa Batlamedi ba Ditirelo tsa Ditsˇhelete ka matlotlo. (b) Lekgethwana la lephata la ditsˇhelete le le kailweng mo karolong 4(1)(a) ya Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, 2022, le lekgethwana le le kgethegileng le le kailweng mo karolong 8(2)(a) ya Molao oo, le tshwanetse go kgobokanngwa le go tsamaiswa ke Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete le go duelwa go ditheo tsa lephata la ditsˇhelete tse di umakilweng mo temaneng (a) go tsamaelana le karolo 246 ya Molao wa Taolo ya Lephata la Ditsˇhelete, 2017 (Molao 9 wa 2017). 5 10 15 20 This gazette is also available free online at www.gpwonline.co.za - 4 Verify source ↗
No. 47696
AI-assisted research summary: The Reserve Bank must collect and administer certain levies and deposit insurance premiums.
4 No. 47696 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 12 of 2022 Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 4 (2) (a) The Reserve Bank is responsible for the collection and administration, on behalf of the Prudential Authority, of the financial sector levy and the special levy referred to in sections 2 to 8 and 11 read with Schedule 1 to the Financial Sector and Deposit Insurance Levies Act, 2022, to provide for the funding of the Prudential Authority. (b) The Reserve Bank is responsible for the collection and administration, on behalf of the Corporation, of the deposit insurance levy referred to in section 9 read with Schedule 6 to the Financial Sector and Deposit Insurance Levies Act, 2022, to provide for the funding of the operations of the Corporation and the administration of the Fund. (c) The financial sector levy referred to in section 4(1)(b) of the Financial Sector and Deposit Insurance Levies Act, 2022, the special levy referred to in section 8(2)(b) and the deposit insurance levy referred to in section 9 of that Act, must be collected and administered by the Reserve Bank in accordance with section 246 of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017). Administration of deposit insurance premiums 5 10 15 3. (1) The Reserve Bank is responsible for the collection and administration, on behalf of the Corporation, of the deposit insurance premiums imposed in terms of section 166BG of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017). (2) The deposit insurance premiums must be collected and administered by the Reserve Bank in accordance with section 246 of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017). 20 Amendment of laws
Part
Schedule 6 to the Financial Sector and Deposit Insurance Levies Act, 2022, to provide
- 4 Verify source ↗
The laws listed in the Schedule are amended to the extent set out in the Schedule.
AI-assisted research summary: The laws listed in the Schedule are amended as set out in the Schedule.
4. The laws listed in the Schedule are amended to the extent set out in the Schedule. Short title and commencement 5. (1) This Act is called the Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022, and comes into effect on a date determined by the Minister by notice in the Gazette. (2) Different dates may be determined by the Minister in respect of the coming into effect of— (a) different provisions of this Act and the Schedule to this Act; and (b) the amendment of different provisions of a law amended by this Act. 25 30 This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi (tsamaiso) le dituelo tsa inšorense ya tipotsiti, 2022 no 12 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47696 5 5 (2) (a) Banka ya Resefe e rwala maikarabelo mabapi le kgobokanyo le tsamaiso, mo boemong jwa Bothati jwa Tlhokomelo, ya lekgethwana la lephata la ditsˇhelete le lekgethwana le le kgethegileng le le kailweng mo dikarolong 2 go fitlha go 8 le 11 ka puisommogo le S(cid:323)ejule1 ya Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, 2022, go laela mabapi le go thuswa ka matlole ga Bothati jwa Tlhokomelo. (b) Banka ya Resefe e rwala maikarabelo mabapi le kgobokanyo le tsamaiso, mo boemong jwa Koporasi, ya lekgethwana la tipositi ya insˇorense le le kailweng mo karolong 9 ka puisommogo le S(cid:323)ejule 6 ya Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, 2022, go laela mabapi le go thuswa ka matlole ga ditiro tsa Koporasi le tsamaiso ya Letlole. (c) Lekgethwana la lephata la ditsˇhelete le le umakilweng mo karolong 4(1)(b) ya Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, 2022, lekgethwana le le kgethegileng le le umakilweng mo karolong 8(2)(b) le lekgethwana la tipositi ya insˇorense le le umakilweng mo karolong 9 ya Molao oo, le tshwanetse go tsamaiswa ke Banka ya Resefe go tsamaelana le karolo 246 ya Molao wa Taolo ya Lephata la Ditsˇhelete, 2017 (Molao 9 wa 2017). Tsamaiso ya dituelo tsa insˇorense ya tipositi 3. (1) Banka ya Resefe e rwala maikarabelo mabapi le kgobokanyo le tsamaiso, mo boemong jwa Koporasi, ya dituelo tsa insˇorense ya tipositi tse di duediswang go ya ka karolo 166BG ya Molao wa Taolo ya Lephata la Ditsˇhelete, 2017 (Molao 9 wa 2017). (2) Dituelo tsa insˇorense ya tipositi di tshwanetse go kgobokanngwa le go tsamaiswa ke Banka ya Resefe go tsamaelana le karolo 246 ya Molao wa Taolo ya Lephata la Ditsˇhelete, 2017 (Molao 9 wa 2017). 5 10 15 20 Tlhabololo ya melao - 4 Verify source ↗
Melao e e tlhagisitsweng mo sˇejuleng e a tlhabololwa go ya ka bogolo jo bo
AI-assisted research summary: The Act starts on a date fixed by the Minister by notice in the Government Gazette, and different parts may start on different dates. The schedule also indicates that listed laws are amended to the extent of 25 mentioned in the schedule.
4. Melao e e tlhagisitsweng mo sˇejuleng e a tlhabololwa go ya ka bogolo jo bo 25 kailweng mo sˇejuleng. Setlhogo se se khutshwane le tshimololo 5. (1) Molao ono o bidiwa Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi (Tsamaiso) le Dituelo tsa Insˇorense ya Tipositi, 2022, e bile o tla tsena mo tirisong ka letlha le le tlhomamisitsweng ke Tona ka kitsiso mo Lokwalodikgannyeng la Puso. (2) Matlha a a farologaneng a ka tlhomamiswa ke Tona mabapi le go tsenngwa mo tirisong ga— (a) ditaelo tse di farologaneng tsa Molao ono le sˇejule ya Molao ono; le (b) tlhabololo ya ditaelo tse di farologaneng tsa molao o o tlhabolotsweng ke Molao ono. 30 35 This gazette is also available free online at www.gpwonline.co.za - 6 Verify source ↗
No. 47696
AI-assisted research summary: This text is a heading for a schedule entry about amending the Pension Funds Act, but it does not state any operative rule here.
6 No. 47696 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 12 of 2022 Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 6 SCHEDULE Act No. and year of law 24 of 1956 AMENDMENT OF LAWS: SECTION 4 Short Title Extent of amendment or repeal Pension Funds Act - 1 Verify source ↗
The amendment of section 30R by the substitution for subsection
AI-assisted research summary: The Adjudicator’s funds are made up of the funds referred to in section 247(1) of the Financial Sector Regulation Act, and they may only be used as provided in section 247(2) of that Act.
1. The amendment of section 30R by the substitution for subsection (1) of the following subsection: ‘‘(1) The funds of the Adjudicator consist of the funds contem- plated in section 247(1) of the Financial Sector Regulation Act, and such funds may only be applied in terms of section 247(2) of that Act.’’. 94 of 1990 Banks Act - 1 Verify source ↗
The following section is hereby substituted for section 35:
AI-assisted research summary: This provision substitutes a new section for section 35; the replacement text begins with “Annual licence”.
1. The following section is hereby substituted for section 35: ‘‘Annual licence - 35 Verify source ↗
A bank, a branch by means of which a foreign institution is
AI-assisted research summary: A bank, qualifying foreign-bank branch, and representative office must get a business licence from the Authority for each year ending 31 December.
35. A bank, a branch by means of which a foreign institution is under section 18A authorized to conduct the business of a bank in the Republic and a representative office established in terms of section 34 [shall] must obtain from the Authority a business li- cence pertaining to its particular business in respect of each year ending on the thirty-first day of December [against payment of the prescribed licence fees].’’. - 2 Verify source ↗
The amendment of section 90 by the deletion in subsection (1) of
AI-assisted research summary: This provision amends existing law by deleting paragraph (c) from subsection (1) of section 90 and substituting a new section 31.
2. The amendment of section 90 by the deletion in subsection (1) of paragraph (c). 124 of 1993 Mutual Banks Act 1. The following section is hereby substituted for section 31: 37 of 2002 Financial Advi- sory and Interme- diary Services Act ‘‘Annual licence - 31 Verify source ↗
A mutual bank [shall] must obtain from the Registrar a
AI-assisted research summary: A mutual bank must get a business licence from the Registrar for each year ending 31 December, and the prescribed licence fee applies.
31. A mutual bank [shall] must obtain from the Registrar a business licence pertaining to its particular business in respect of each year ending on the thirty-first day of December [against pay- ment of the prescribed licence fee].’’. - 2 Verify source ↗
The amendment of section 91 by the deletion in subsection (1) of
AI-assisted research summary: This provision amends section 91 by deleting paragraph (c) in subsection (1).
2. The amendment of section 91 by the deletion in subsection (1) of paragraph (c). - 1 Verify source ↗
The amendment of section 22 by the substitution for subsection
AI-assisted research summary: This amendment says the Office’s funds come from section 247(1) of the Financial Sector Regulation Act and may only be used as allowed by section 247(2).
1. The amendment of section 22 by the substitution for subsection (1) of the following subsection: ‘‘(1) The funds of the Office consist of the funds contemplated in section 247(1) of the Financial Sector Regulation Act, and such funds may only be applied in terms of section 247(2) of that Act.’’. 9 of 2017 Financial Sector Regulation Act - 1 Verify source ↗
Section 1 is hereby amended—
AI-assisted research summary: This section amends Section 1 by updating and adding several definitions, including deposit insurance premium, levy, member, and premium period.
1. Section 1 is hereby amended— (a) by the substitution in subsection (1) for the definition of ‘‘de- posit insurance premium’’ of the following definition: ‘‘ ‘deposit insurance premium’ means a premium imposed [by legislation,] in [accordance with] terms of section 166BG and Schedule 5;’’; (b) by the insertion in subsection (1) after the definition of ‘‘finan- cial product provider’’ of the following definition: ‘‘ ‘Financial Sector and Deposit Insurance Levies Act’ means the Financial Sector and Deposit Insurance Levies Act;’’; (c) by the substitution in subsection (1) for the definition of ‘‘levy’’ of the following definition: ‘‘ ‘levy’ means a levy imposed [by a financial sector body] in terms of [legislation that empowers the imposition of a levy] the Financial Sector and Deposit Insurance Levies Act, and includes interest payable on an unpaid levy;’’; (d) by the insertion in subsection (1) after the definition of ‘‘Medi- cal Schemes Act’’ of the following definition: ‘‘ ‘member’ means a member of the Corporation, in accor- dance with section 166AG;’’; (e) by the insertion in subsection (1) after the definition of ‘‘placing a designated institution in resolution’’ of the following defini- tion: ‘‘ ‘premium period’ means the period from the first day of a calendar month to the last day of that calendar month, in re- spect of which a deposit insurance premium is determined in terms of section 166BG and Schedule 5;’’; and This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi (tsamaiso) le dituelo tsa inšorense ya tipotsiti, 2022 no 12 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47696 7 7 S(cid:323)EJULE TLHABOLOLO YA MELAO: KAROLO 4 Nmr. ya Molao le ngwaga ya Molao Setlhogo se se Khutshwane 24 van 1956 Wet op Pensioenfondse Bogolo jwa tlhabololo kgotsa phimolo - 1 Verify source ↗
Artikel 30R word gewysig deur subartikel (1) deur die volgende
AI-assisted research summary: Section 30R is amended so that the Beregter’s funds consist of the funds in section 247(1) of the Financial Sector Regulation Act and may be used only as allowed by section 247(2).
1. Artikel 30R word gewysig deur subartikel (1) deur die volgende subartikel te vervang: ‘‘(1) Die fondse van die Beregter bestaan uit die fondse in artikel 247(1) van die ‘Financial Sector Regulation Act’, beoog en sodanige fondse mag slegs ingevolge artikel 247(2) van daardie Wet gebruik word.’’. 94 van 1990 Bankwet - 1 Verify source ↗
Artikel 35 word hierby deur die volgende artikel vervang:
AI-assisted research summary: Banks, certain authorised branches, and representative offices must get an operating licence from the Registrar for each year ending 31 December.
1. Artikel 35 word hierby deur die volgende artikel vervang: ‘‘Jaarlikse lisensie 35. ’n Bank, ’n tak deur middel waarvan ’n buitelandse instelling kragtens artikel 18A gemagtig is om die bedryf van ’n bank in die Republiek uit te oefen en ’n verteenwoordigende kantoor wat ingevolge artikel 34 geopen is, moet van die Registrateur ’n bedryfslisensie met betrekking tot sy besondere bedryf verkry ten opsigte van elke jaar eindigende op die een-en- dertigste dag van Desember [teen betaling van die voorgeskrewe lisensiegeld].’’. - 2 Verify source ↗
Die wysiging van artikel 90 deur in subartikel (1) paragraaf (c) te
AI-assisted research summary: This section amends article 90 by deleting paragraph (c) from subsection (1).
2. Die wysiging van artikel 90 deur in subartikel (1) paragraaf (c) te skrap. 124 van 1993 Wet op - 1 Verify source ↗
Artikel 31 word hierby deur die volgende artikel vervang:
AI-assisted research summary: A mutual bank must obtain an operating licence from the Registrar for each year ending on 31 December.
1. Artikel 31 word hierby deur die volgende artikel vervang: Onderlinge Banke ‘‘Jaarlikse lisensie 31. ’n Onderlinge bank moet van die Registrateur ’n bedryfslisensie met betrekking tot sy besondere bedryf verkry ten opsigte van elke jaar eindigende op die een-en-dertigste dag van Desember [teen betaling van die voorgeskrewe lisensiegeld].’’. - 2 Verify source ↗
Die wysiging van artikel 91 deur in subartikel (1) paragraaf (c) te
AI-assisted research summary: This provision amends section 91 by deleting paragraph (c) in subsection (1).
2. Die wysiging van artikel 91 deur in subartikel (1) paragraaf (c) te skrap. - 1 Verify source ↗
Die wysiging van artikel 22 deur subartikel (1) deur die volgende
AI-assisted research summary: The Office’s funds consist of the funds in section 247(1) of the Financial Sector Regulation Act, and those funds may only be used under section 247(2) of that Act.
1. Die wysiging van artikel 22 deur subartikel (1) deur die volgende subartikel te vervang: ‘‘(1) Die fondse van die Kantoor bestaan uit die fondse in artikel 247(1) van die ‘Financial Sector Regulation Act’, beoog en sodanige fondse kan slegs ingevolge artikel 247(2) van daardie Wet gebruik word.’’. 37 van 2002 Wet op Finansiële Advies- en Tussengangers- dienste 9 wa 2017 Molao wa Taolo ya Lephata la Ditsˇhelete - 1 Verify source ↗
Karolo 1 e tlhabololwa fano—
AI-assisted research summary: This section amends several definitions and adds new defined terms.
1. Karolo 1 e tlhabololwa fano— (a) ka kemisetso mo karolotlaleletsong (1) ya tlhaloso ya ‘‘tuelo ya insˇorense ya tipositi’’ ka tlhaloso e e latelang: ‘‘ ‘tuelo ya insˇorense ya tipositi’ e kaya tuelo e e duediswang [ka molao,] go [tsamaelana le] ya ka karolo 166BG le sˇejule 5;’’; (b) ka go tsenngwa mo karolotlaleletsong (1) morago ga tlhaloso ya ‘‘motlamedi wa ditlhagiso tsa ditsˇhelete’’ ga tlhaloso e e latelang: ‘‘ ‘Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi’ o kaya Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi;’’; (c) ka kemisetso mo karolotlaleletsong (1) ya tlhaloso ya ‘‘lekgethwana’’ ka tlhaloso e e latelang: ‘‘ ‘lekgethwana’ le kaya lekgethwana le le duediswang [ke setheo sa lephata la ditsˇhelete] go ya ka [molao o o gatelelang tuediso ya lekgethwana] Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, le go akaretsa morokotso o o duelwang mo lekgethwaneng le le sa duelwang;’’; (d) ka go tsenngwa ga karolotlaleletso (1) morago ga tlhaloso ya ‘‘Molao wa Dikema tsa Kalafi’’ ga tlhaloso e e latelang: ‘‘ ‘tokololo’ e kaya tokololo ya Koporasi, go tsamaelana le karolo 166AG;’’; (e) ka go tsenngwa mo karolotlaleletsong (1) morago ga tlhaloso ya ‘‘go baya setheo se se tlhomilweng mo tharabololong’’ ga tlhaloso e e latelang: ‘‘ ‘paka ya tuelo’ e kaya paka go simolola ka letsatsi la ntlha la kgwedi ya alemanaka go fitlha ka letsatsi la bofelo la kgwedi ya alemanaka, e mabapi le yona tuelo ya insˇorense ya tipositi e tlhomamiswang go ya ka karolo 166BG le sˇejule 5;’’; le This gazette is also available free online at www.gpwonline.co.za - 8 Verify source ↗
No. 47696
AI-assisted research summary: This section changes the definition of “special levy” to mean a levy imposed under the Financial Sector and Deposit Insurance Levies Act, and it includes interest on an unpaid special levy.
8 No. 47696 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 12 of 2022 Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 Act No. and year of law Short Title Extent of amendment or repeal 8 (f) by the substitution in subsection (1) for the definition of ‘‘spe- cial levy’’ of the following definition: ‘‘ ‘special levy’ means a levy imposed as a special levy [by a financial sector body] in terms of [legislation that empow- ers the imposition of a levy] the Financial Sector and De- posit Insurance Levies Act, and includes interest payable on an unpaid special levy;’’. - 2 Verify source ↗
The amendment of section 58 by the deletion in subsection (1) of
AI-assisted research summary: Section 58 is amended by deleting paragraph (g) in subsection (1).
2. The amendment of section 58 by the deletion in subsection (1) of paragraph (g). - 3 Verify source ↗
The following section is hereby substituted for section 166BG:
AI-assisted research summary: The Corporation charges a deposit insurance premium, members must pay it, and a refund is required for the unused part of a prepaid premium period when membership ends.
3. The following section is hereby substituted for section 166BG: ‘‘Deposit insurance premiums 166BG. (1)There shall be charged, imposed and collected by the Corporation, in accordance with this Act, a premium to be known as the deposit insurance premium, to ensure that the Fund is able to make payments required by this Chapter. (2) The deposit insurance premium is payable by each member. (3) The amount of the deposit insurance premium payable by each member in respect of a premium period is determined in ac- cordance with Schedule 5. (4)(a) Where a member becomes a member during a premium period, or ceases to be a member during a premium period, the premium payable must be proportional to the remainder of the premium period during which the entity is a member or ceases to be a member. (b) Where a premium has already been paid in full for a pre- mium period during which a member ceases to be a member, a refund of the premium must be provided to the former member for the proportion of the premium period subsequent to the cessation of membership.’’. - 4 Verify source ↗
The following section is hereby substituted for section 237:
AI-assisted research summary: Financial sector bodies may charge fees and impose levies, must publish determined fees and imposed levies, and payable amounts must be paid at the times set by the relevant body or agreed time.
4. The following section is hereby substituted for section 237: ‘‘Fees, [and] levies and deposit insurance premiums 237. (1) (a) Fees may be charged by a financial sector body in accordance with this Part to fund the performance of [specific] any functions under this Act [and], the relevant financial sector laws and the Financial Sector and Deposit Insurance Levies Act, includ- ing in relation to the performance of functions in terms of a finan- cial sector law which does not explicitly authorise the charging of fees. (b) Levies may be imposed [by a financial sector body] in ac- cordance with this Part, read with [legislation that empowers the imposition of levies] the Financial Sector and Deposit Insurance Levies Act, to fund the operations of the financial sector [body] bodies and, in the case of the deposit insurance levy, to fund the operations of the Corporation and the administration of the Fund in terms of section 166BC. (2) A financial sector body must publish fees that have been determined [and levies that have been imposed] in the Register and on its website. (3) Fees [and levies] are payable to the financial sector body at the time specified by the financial sector body, or at a time agreed to by the financial sector body. (3A) (a) The levies referred to in sections 2 to 8 and 12 of the Financial Sector and Deposit Insurance Levies Act, 2022, read with Schedules 2 to 5 to that Act, which provide for the funding of the Financial Sector Conduct Authority, the Tribunal, the Ombud Council, the Office of the Pension Funds Adjudicator, and the Of- fice of the Ombud for Financial Services Providers, are payable to the Financial Sector Conduct Authority on the dates and in the manner specified by the Financial Sector Conduct Authority in terms of section 242, or on the date agreed to by the Financial Sector Conduct Authority. (b) Levies referred to in sections 2 to 8 and 12 of the Financial Sector and Deposit Insurance Levies Act, 2022, read with Sched- ule 1 to that Act, which provide for the funding of the Prudential Authority, are payable to the Prudential Authority, through the Reserve Bank, on the dates and in the manner specified by the Prudential Authority in terms of section 242, or on the date agreed to by the Prudential Authority. This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi (tsamaiso) le dituelo tsa inšorense ya tipotsiti, 2022 no 12 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47696 9 9 Bogolo jwa tlhabololo kgotsa phimolo Nmr. ya Molao le ngwaga ya Molao Setlhogo se se Khutshwane (f) ka kemisetso mo karolotlaleletsong (1) ya tlhaloso ya ‘‘lekgethwana le le kgethegileng’’ ka tlhaloso e e latelang: ‘‘ ‘lekgethwana le le kgethegileng’ le kaya lekgethwana le le duediswang jaaka lekgethwana le le kgethegileng [ke setheo sa lephata la ditsˇhelete] go ya ka [molao o o gatelelang tuediso ya lekgethwana] Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi le go akaretsa morokotso o o duelwang mo lekgethwaneng le le kgethegileng le le sa duelwang;’’. - 2 Verify source ↗
Tlhabololo ya karolo 58 ka phimolo mo karolotlaleletsong (1) ya
AI-assisted research summary: Section 58 is amended by deleting paragraph (g) in subsection (1).
2. Tlhabololo ya karolo 58 ka phimolo mo karolotlaleletsong (1) ya temana (g). - 3 Verify source ↗
Karolo e e latelang e tsenngwa mo boemong jwa karolo 166BG:
AI-assisted research summary: Members must pay an insurance fee, and the Corporation collects and enforces it under the Act.
3. Karolo e e latelang e tsenngwa mo boemong jwa karolo 166BG: ‘‘Dituelo tsa insˇorense ya tipositi 166BG. (1) Go tla duediswa, pateletswa le go kgobokanngwa ke Koporasi, go tsamaelana le Molao ono, tuediso e e tla itsegeng jaaka tuelo ya insˇorense ya tipositi, go netefatsa gore Letlole le kgona go dira dituelo tse di tlhokegang go ya ka Kgaolo eno. (2) Tuelo ya insˇorense ya tipositi e duelwa ke tokololo nngwe le nngwe. (3) Tlhotlhwa ya tuelo ya insˇorense ya tipositi e e duelwang ke tokololo nngwe le nngwe mabapi le paka ya tuelo e tlhomamiswa go tsamaelana le sˇejule 5. (4)(a) Fa tokololo e nna tokololo ka paka ya tuelo, kgotsa e khutlisa go nna tokololo ka paka ya tuelo, tuelo e e duelwang e tshwanetse go tsamaelana le paka ya tuelo e e setseng eo ka yona setheo se sa leng tokololo kgotsa se khutlisang go nna tokololo. (b) Fa tuelo e setse e dirilwe ka botlalo mabapi le paka ya tuelo eo ka yona tokololo e khutlisang go nna tokololo, tokololo eo ya pele e tshwanetse go busetswa tuelo e e tsamaelanang le paka ya tuelo e e setseng morago ga go khutlisa botokololo.’’. - 4 Verify source ↗
Karolo e e latelang e tsenngwa mo boemong jwa karolo 237:
AI-assisted research summary: The financial sector institution may levy fees and levies, must publish them on its register and website, and the fees or levies must be paid by the required time.
4. Karolo e e latelang e tsenngwa mo boemong jwa karolo 237: ‘‘Dituelo, [le] makgethwana le dituelo tsa insˇorense ya tipositi 237. (1) (a) Dituelo di ka duediswa ke setheo sa lephata la ditsˇhelete go tsamaelana le Karolo eno go thusa ka matlole a tiragatso [E e tsepameng] nngwe le nngwe ya ditiro ka fa tlase ga Molao ono [le], melao ya lephata la ditsˇhelete e e maleba le Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, go akaretsa le mabapi le tiragatso ya ditiro go ya ka molao wa lephata la ditsˇhelete o o sareboleng ka botlalo tuediso ya dituelo. (b) Makgethwana a ka duediswa [ke setheo sa lephata la ditsˇhelete] go tsamaelana le Karolo eno, ka puisommogo le [molao o o gatelelang tuediso ya makgethwana] Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, go thusa ka matlole ditiro tsa [setheo] ditheo tsa lephata la ditsˇhelete le, mo lebakeng la lekgethwana la insˇorense ya tipositi, go thusa ka matlole ditiro tsa Koporasi le tsamaiso ya Letlole go ya ka karolo 166BC. (2) Setheo sa lephata la ditsˇhelete se tshwanetse go phasalatsa dituelo tse di setseng di tlhomamisitswe le makgethwana a a duedisitsweng] mo Rejisetareng le mo webesaeteng ya sona. (3) Dituelo [le makgethwana] di duelwa kwa setheong sa lephata la ditsˇhelete mo nakong e e beilweng ke setheo sa lephata la ditsˇhelete, kgotsa mo nakong e e dumeletsweng ke setheo sa lephata la ditsˇhelete. (3A) (a) Makgethwana a a kailweng mo dikarolong 2 go fitlha go 8 le 12 tsa Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, 2022, ka puisommogo le Disˇejule 2 go fitlha go 5 tsa Molao oo, tse di laelang mabapi le go thuswa ga Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete, Lekgotla, Khansele ya Ombud, Ofisi ya Moatlhodi wa Matlole a Phensˇene, le Ofisi ya Ombud wa Batlamedi ba Ditirelo tsa Ditsˇhelete ka matlole, a duelwa kwa Bothating jwa Boitshwaro jwa Lephata la Ditsˇhelete ka matlha le ka mokgwa o o tlhalositsweng ke Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete go ya ka karolo 242, kgotsa ka letlha le le dumeletsweng ke Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete. (b) Makgethwana a a kailweng mo dikarolong 2 go fitlha go 8 le 12 tsa Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, 2022, ka puisommogo le sˇejule 1 ya Molao oo, e e laelang mabapi le thuso ya matlole ya Bothati jwa Tlhokomelo, ka Banka ya Resefe, ka matlha le ka mokgwa o o tlhalositsweng ke Bothati jwa Tlhokomelo go ya ka karolo 242, kgotsa ka letlha le le dumetsweng ke Bothati jwa Tlhokomelo. This gazette is also available free online at www.gpwonline.co.za - 10 Verify source ↗
No. 47696
AI-assisted research summary: The Corporation must publish collected deposit insurance premiums in the Register and on its website.
10 No. 47696 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 12 of 2022 Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 10 Act No. and year of law Short Title Extent of amendment or repeal (c) The deposit insurance levy referred to in sections 9 and 12 of the Financial Sector and Deposit Insurance Levies Act, read with Schedule 6 to that Act, and section 166BC is payable to the Cor- poration, through the Reserve Bank, on the dates and in the man- ner specified by the Corporation, or on the date agreed to by the Corporation. (3B) (a) The deposit insurance premium referred to in section 166BG and Schedule 5 is payable to the Corporation, through the Reserve Bank, on the dates and in the manner specified by the Corporation, or on the date agreed to by the Corporation. (b) The Corporation must publish the deposit insurance premi- ums that have been collected in the Register and on its website. (4) Different fees may be determined [and different levies may be imposed] for different types or categories of persons or super- vised entities. (5) Different levies may be imposed for different types or cat- egories of supervised entities or members in accordance with the Financial Sector and Deposit Insurance Levies Act, 2022. (6) Different deposit insurance premiums may be determined for different types or categories of members.’’.
Part
Schedule 6 to that Act, and section 166BC is payable to the Cor-
- 5 Verify source ↗
Section 238 is hereby amended—
AI-assisted research summary: This section amends Section 238 by changing its heading and replacing subsection (1).
5. Section 238 is hereby amended— (a) by the substitution for the heading of the following heading: ‘‘Fees, [and] levies and deposit insurance premiums to be debts’’; and (b) by the substitution for subsection (1) of the following subsec- tion: ‘‘(1) A fee, [or] levy or deposit insurance premium payable to a financial sector body in terms of section 237 is a debt due to the financial sector body.’’. - 6 Verify source ↗
Section 239 is hereby amended—
AI-assisted research summary: The financial sector body must send its finalised budget and related fee, levy, and deposit insurance premium proposals to the Minister, who must approve certain proposals and may amend levy-related schedules and Schedule 5 in specified circumstances.
6. Section 239 is hereby amended— (a) by the substitution for the heading of the following heading: ‘‘Budget, fees, [and] levies and deposit insurance premium proposals’’; (b) by the substitution in subsection (1) for paragraph (b) of the following paragraph: ‘‘(b) a proposal for the fees that will be charged and the levies and deposit insurance premiums that will be imposed by the financial sector body; and’’; (c) by the substitution for subsection (5) of the following subsec- tion: ‘‘(5) The financial sector body must submit the finalised budget, together with the fees, [and] levies and deposit insur- ance premium proposals, to the Minister.’’; (d) by the substitution for subsection (7) of the following subsec- tion: ‘‘(7) (a) In respect of the fees [and levies] proposals for the first financial year following the commencement of this section, the Minister must approve the proposals for all the financial sector bodies. (b) In respect of levies proposals, the Minister may amend the Schedules to the Financial Sector and Deposit Insurance Levies Act, as contemplated in section 10 of that Act.’’; and (e) by the insertion after subsection (7) of the following subsection: ‘‘(7A) (a) In respect of deposit insurance premium propos- als by the Corporation, the Minister must approve the propos- als for each financial year following the commencement of this section. (b) In respect of deposit insurance premium proposals, the Minister may amend Schedule 5, with the concurrence of the Corporation, and after having published a proposed amended Schedule in the Gazette for public comment for a period of at least 30 days, either by submitting an amended Schedule to Parliament for approval, in accordance with paragraphs (c) to (j), or in accordance with paragraphs (k) to (m)— (i) to give effect to a proposal for deposit insurance premi- ums made by the Corporation and which proposal has been submitted to the Minister in terms of subsection (5); or (ii) to specify the meaning of any terms contained in the for- mulae set out in Schedule 5. This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi (tsamaiso) le dituelo tsa inšorense ya tipotsiti, 2022 no 12 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47696 11 11 Bogolo jwa tlhabololo kgotsa phimolo Nmr. ya Molao le ngwaga ya Molao Setlhogo se se Khutshwane (c) Lekgethwana la insˇorense ya tipositi le le kailweng mo dikarolong 9 le 12 tsa Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, ka puisommogo le sˇejule 6 ya Molao oo, le karolo 166BC le duelwa kwa Koporasing, ka Banka ya Resefe, ka matlha le ka mokgwa o o tlhalositsweng ke Koporasi, kgotsa ka letlha le le dumetsweng ke Koporasi. (3B) (a) Tuelo ya insˇorense ya tipositi e e kailweng mo karolong 166BG le mo sˇejuleng 5 e duelwa kwa Koporasing, ka Banka ya Resefe, ka matlha le ka mokgwa o o tlhalositsweng ke Koporasi, kgotsa ka letlha le le dumetsweng ke Koporasi. (b) Koporasi e tshwanetse go phasalatsa dituelo tsa insˇorense ya tipositi tse di kgobokantsweng mo Rejisetareng le mo webesaeteng ya yona. (4) Dituelo tse di farologaneng di ka tlhomamiswa [e bile makgethwana a a farologaneng a ka duediswa] mabapi le mefuta kgotsa ditlhopha tse di farologaneng tsa batho kgotsa ditheo tse di okangweng. (5) Makgethwana a a farologaneng a ka duediswa mabapi le mefuta kgotsa ditlhopha tse di farologaneng tsa ditheo tse di okangweng kgotsa ditokololo go tsamaelana le Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, 2022. (6) Dituelo tse di farologaneng tsa insˇorense ya tipositi di ka tlhomamiswa mabapi le mefuta kgotsa ditlhopha tse di farologaneng tsa ditokololo.’’.
Part
Schedule in the Gazette for public comment for a period of at
- 5 Verify source ↗
Karolo 238 e tlhabololwa jaana—
AI-assisted research summary: This provision amends Section 238 by changing the heading and subsection (1) so that certain dues, levies, and insurance deposit charges are debts owed to the relevant finance department institution.
5. Karolo 238 e tlhabololwa jaana— (a) ka kemisetso ya setlhogo ka setlhogo se se latelang: ‘‘Dituelo, [le] makgethwana le dituelo tsa insˇorense ya tipositi di tla nna dikoloto’’; le (b) ka kemisetso ya karolotlaleletso (1) ka karolotlaleletso e e latelang: ‘‘(1) Tuelo, [kgotsa] lekgethwana kgotsa tuelo ya insˇorense ya tipositi e e duelwang kwa setheong sa lephata la ditsˇhelete go ya ka karolo 237 ke sekoloto se se duelwang go setheo sa lephata la ditsˇhelete.’’. - 6 Verify source ↗
Karolo 239 e tlhabololwa jaana—
AI-assisted research summary: The financial-sector institution must send approved budget proposals and related fees/levies to the Minister, and the Minister has duties and limited powers to issue or amend certain proposals and schedules.
6. Karolo 239 e tlhabololwa jaana— (a) ka kemisetso ya setlhogo ka setlhogo se se latelang: ‘‘Ditshitsinyo tsa tekanyetsokabo, dituelo, [le] makgethwana le tuelo ya insˇorense ya tipositi’’; (b) ka kemisetso mo karolotlaleletsong (1) ya temana (b) ka temana e e latelang: ‘‘(b) tshitsinyo ya dituelo tse di tla duediswang le makgethwana le dituelo tsa insˇorense ya tipositi tse di tlileng go duediswa ke setheo sa lephata la ditsˇhelete; le’’; (c) ka kemisetso ya karolotlaleletso (5) ka karolotlaleletso e e latelang: ‘‘(5) Setheo sa lephata la ditsˇhelete se tshwanetse go romelela Tona ditshitsinyo tsa tekanyetsokabo e e konoseditsweng, mmogo le dituelo, [le] makgethwana le dituelo tsa insˇorense ya tipositi.’’; (d) ka kemisetso ya karolotlaleletso (7) ka karolotlaleletso e e latelang: ‘‘(7) (a) Mabapi le ditshitsinyo tsa dituelo [le makgethwana] a ngwaga wa ntlha wa ditsˇhelete go latela tshimololo ya karolo eno, Tona o tshwanetse go rebola ditshitsinyo tsa ditheo tsotlhe tsa ditsˇhelete. (b) Mabapi le ditshitsinyo tsa makgethwana, Tona o ka tlhabolola Disˇejule tsa Molao wa Makgethwana a Lephata la Ditsˇhelete, jaaka go umakilwe mo karolong 10 ya Molao oo.’’; le (e) ka go tsenngwa morago ga karolotlaleletso (7) ga karolotlaleletso e e latelang: ‘‘(7A) (a) Mabapi le ditshitsinyo tsa tuelo ya insˇorense ya tipositi ka Koporasi, Tona o tshwanetse go rebola ditshitsinyo tsa ngwaga nngwe le nngwe ya ditsˇhelete e e latelang tshimololo ya karolo eno. (b) Mabapi le ditshitsinyo tsa tuelo ya insˇorense ya tipositi, Tona o ka tlhabolola sˇejule 5, ka tumalano le Koporasi, le morago ga go phasalatsa sˇejule e e tlhabolotsweng e e tshitsintsweng mo Lokwalodikgannyeng la Puso mabapi le ditshwaelo tsa setsˇhaba sebaka sa bonnye matsatsi a le 30, ka go romela sˇejule e e tlhabolotsweng kwa Palamenteng gore e rebolwe, go tsamaelana le ditemana (c) go fitlha go (j), kgotsa go tsamaelana le ditemana (k) go fitlha go (m)— (i) go diragatsa tshitsinyo ya dituelo tsa insˇorense ya tipositi tse di dirilweng ke Koporasi le tshitsinyo eo e setseng e romeletswe Tona go ya ka karolotlaleletso (5); kgotsa (ii) go tlhalosa bokao jwa mareo afe a a leng mo difomuleng tse di tlhagisitsweng mo sˇejuleng 5. This gazette is also available free online at www.gpwonline.co.za - 12 Verify source ↗
No. 47696
AI-assisted research summary: This section sets a process for approving and publishing amended schedules, and it lets the Minister manage Schedule 5 premium increases and publish amendments in the Gazette.
12 No. 47696 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 12 of 2022 Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 Act No. and year of law Short Title Extent of amendment or repeal 12 (c) Parliament must approve, adopt amendments to or re- ject an amended Schedule within three months of the date of tabling of the amended Schedule. (d) If Parliament does not pass a resolution approving, adopting amendments to or rejecting the amended Schedule within three months of the date of tabling, Parliament is deemed to have approved the amended Schedule, and— (i) the Minister may then publish the amended Schedule in (ii) the amended Schedule takes effect from the date of publi- the Gazette; and cation in the Gazette. (e) An amendment to Schedule 5 that is submitted to Par- liament for approval must be referred to the respective com- mittees on finance. (f) The committee on finance must— (i) conduct public hearings on the proposed amended Sched- ule 5; and evant House. (ii) report on the proposed amended Schedule 5 to the rel- (g) If a committee on finance proposes amendments to the amended Schedule 5 that has been tabled for approval by Parliament, the Minister must be given at least 14 days to respond to the proposed amendments before the committee reports to the House. (h) The report of a finance committee referred to in this subsection must indicate the manner in which the proposed amendments are consistent with the Fund being able to make the required payments in terms of Chapter 12A and referred to in section 166BG(1). (i) The report of a committee on finance must include the comments of the Minister on any proposed amendments to the proposed amended Schedule 5 as tabled. (j) If Parliament approves or adopts amendments to the amended Schedule as tabled, the Schedule approved or adopted by Parliament takes effect on the date of such ap- proval or adoption by Parliament, and the Minister must then publish the Schedule, as approved or adopted, in the Gazette. (k) The deposit insurance premiums in Schedule 5 will be increased annually by the arithmetic mean of the Consumer Price Index as published by Statistics South Africa in the pre- ceding calendar year, unless the Minister by notice deter- mines that there must be no increase or an increase less than that annual rate of increase. (l) Schedule 5 may be amended by the Minister, by notice in the Gazette, to give effect to an increase in deposit insur- ance premiums referred to in paragraph (k), and does not re- quire submission to Parliament for approval, but a copy of the notice must be tabled in Parliament for information pur- poses. (m) An amended Schedule 5 referred to in paragraph (k) takes effect on the date of the publication of the notice, re- ferred to in paragraph (l), in the Gazette.’’. - 7 Verify source ↗
The following section is hereby substituted for section 240:
AI-assisted research summary: This section sets consultation and publication requirements for budget-related documents, and adds a process for Parliament, the committee, and the Minister on Schedule 5 amendments and deposit insurance premium increases.
7. The following section is hereby substituted for section 240: ‘‘Consultation requirements 240. (1) Part 1 of Chapter 7, with the exception of section 100, applies with the necessary changes, to the adoption of the budget, the estimates of expenditure as well as the fees, [and] levies and deposit insurance premium proposals as provided for in section 239. (2) The documents that must be published under section 98 in- clude— (a) the budget, estimates of expenditure and the fees, [and] levies and deposit insurance premium proposals provided for in sec- tion 239 for the relevant financial year; and (b) an explanation by the financial sector body of the budget, esti- mates of expenditure and the fees, [and] levies and deposit insurance premium proposals, and of the variation of the bud- get, estimates of expenditure and the fees [and], levies and deposit insurance premium proposals against the budget, esti- mates of expenditure and the fees, [and] levies and deposit insurance premium proposals adopted for the previous finan- cial year.’’. This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi (tsamaiso) le dituelo tsa inšorense ya tipotsiti, 2022 no 12 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47696 13 13 Bogolo jwa tlhabololo kgotsa phimolo Nmr. ya Molao le ngwaga ya Molao Setlhogo se se Khutshwane (c) Palamente e tshwanetse go rebola, go amogela kgotsa go se amogele sˇejule e e tlhabolotsweng mo dikgweding tse tharo tsa letlha la go itsisiwe ga sˇejule e e tlhabolotsweng. (d) Fa Palamente e sa dumalane ka go rebola, go amogela le go se amogele sˇejule e e tlhabolotsweng mo dikgweding tse tharo tsa letlha la go itsisiwe, go tla tsewa gore Palamente e rebotse sˇejule e e tlhabolotsweng, e bile— (i) Tona o ka phasalatsa sˇejule e e tlhabolotsweng mo Lokwalodikgannyeng la Puso; e bile (ii) sˇejule e e tlhabolotsweng e simolola go dira go simolola ka letlha la phasalatso mo Lokwalodikgannyeng la Puso. (e) Tlhabololo ya sˇejule 5 e erometsweng kwa Palamenteng mabapi le thebolo e tshwanetse go lebiswa kwa dikomiting tse di maleba tsa matlotlo. (f) Komiti ya matlotlo e tshwanetse go— (i) tshwara ditheetso tsa setsˇhaba ka ga ditlhabololo tse di tshitsintsweng tsa sˇejule 5; le (ii) bega ka ditlhabololo tse di tshitsintsweng tsa sˇejule 5 kwa Ntlong e e maleba. (g) Fa komiti ya matlotlo e tshitsinya ditlhabololo mo sˇejuleng 5 e e beilweng fa pele ga Palamente mabapi le thebolo, Tona o tshwanetse go newa bonnye matsatsi a le 14 go tsibogela ditlhabololo tse di tshitsintsweng pele komiti e begela Ntlo. (h) Pegelo ya komiti ya matlotlo e e kailweng mo karolotlaleletsong eno e tshwanetse go tlhagisa ka moo ditlhabololo tse di tshitsintsweng di tsamaelanang le Letlole ka teng go kgona go dira dituelo tse di tlhokegang go ya ka Kgaolo 12A le ka moo go kailweng mo karolong 166BG(1). (i) Pegelo ya komiti ya matlotlo e tshwanetse go akaretsa ditshwaelo tsa Tona mo tlhabololong efe e e tshitsintsweng ya tlhabololo e e tshitsintsweng ya sˇejule 5 jaaka e itsisitswe. (j) Fa Palamente e rebola kgotsa e amogela ditlhabololo tsa sˇejule e e tlhabolotsweng jaaka e itsisiwe, sˇejule e e rebotsweng kgotsa e e amogetsweng ke Palamente e tsena mo tirisong ka letlha la thebolo kgotsa kamogelo eo ya Palamente, Tona o tshwanetse go phasalatsa sˇejule, jaaka e rebotswe kgotsa e amogetswe, mo Lokwalodikgannyeng la Puso. (k) Dituelo tsa insˇorense ya tipositi mo sˇejuleng 5 di tla tlhatloswa ngwaga le ngwaga ka palogare ya Tshupane ya Ditlhotlhwa tsa Badirisi jaaka e phasaladitswe ke Dipalopalo tsa Aforika Borwa mo ngwageng o o fetileng wa alemanaka, ntle le fa tona a ka tlhomamisa ka kitsiso gore go se nne le tlhatloso kgotsa tlhatloso e e kwa tlase ga tlhatloso ya kelo ya ngwaga. (l) sˇejule 5 e ka tlhabololwa ke Tona, ka kitsiso mo Lokwalodikgannyeng la Puso, go tsenya mo tirisong tlhatloso ya dituelo tsa insˇorense ya tipositi tse di kailweng mo temaneng (k), e bile thebolo ya Palamente ga e tlhokege, fela khopi ya kitsiso e tshwanetse go itsisiwe kwa Palamenteng mabapi le maitlhomo a tshedimosetso. (m) sˇejule 5 e e tlhabolotsweng e e kailweng mo temaneng (k) e tsena mo tirisong ka letlha la phasalatso ya kitsiso, e e kailweng mo temaneng (l), mo Lokwalodikgannyeng la Puso.’’. - 7 Verify source ↗
Karolo e e latelang e tsenngwa mo boemong jwa karolo 240:
AI-assisted research summary: This section says certain Chapter 7 rules apply, and that published documents under section 98 must include budget-related material and a finance-department explanation.
7. Karolo e e latelang e tsenngwa mo boemong jwa karolo 240: ‘‘Ditlhokego tsa therisano 240. (1) Karolo 1 ya Kgaolo 7, ntle le karolo 100, e diriswa le diphetogo tse di tlhokegang, mo kamogelong ya tekanyetsokabo, diphopholetso tsa ditshenyegelo le tsa dituelo, [le] ditshitsinyo tsa makgethwana le dituelo tsa insˇorense ya tipositi jaaka go laetswe mo karolong 239. (2) Dikwalo tse di tshwanetseng go phasalatswa ka fa tlase ga karolo 98 di akaretsa— (a) tekanyetsokabo, diphopholetso tsa ditshenyegelo le dituelo, [le] ditshitsinyo tsa makgethwana le dituelo tsa insˇorense ya tipositi tse di laetsweng mo karolong 239 mabapi le ngwaga wa ditsˇhelete o o maleba; le (b) tlhaloso ka setheo sa lephata la ditsˇhelete ya tekanyetso, diphopholetso tsa ditshenyegelo le dituelo, [le] ditshitsinyo tsa makgethwana le tuelo ya insˇorense ya tipositi, le ya pharologanyo ya tekanyetsokabo, diphopholetso tsa ditshenyegelo le dituelo [le], ditshitsinyo tsa makgethwana le tuelo ya insˇorense ya tipositi kgatlhanong le tekanyetso, diphopholetso tsa ditshenyegelo le dituelo, [le] ditshitsinyo tsa makgethwana le tuelo ya insˇorense ya tipositi tse di amogetsweng mabapi le ngwaga o o fetileng wa ditsˇhelete.’’. This gazette is also available free online at www.gpwonline.co.za - 14 Verify source ↗
No. 47696
AI-assisted research summary: This text is a gazette table header for an amendment entry; it does not state any substantive rule.
14 No. 47696 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 12 of 2022 Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 Act No. and year of law Short Title Extent of amendment or repeal 14 - 8 Verify source ↗
Section 241 is hereby amended—
AI-assisted research summary: A financial sector body may require a supervised entity or member to give information for levy or deposit insurance premium assessments, and the requirement must state how and when to provide it.
8. Section 241 is hereby amended— (a) by the substitution for the heading of the following heading: ‘‘Determinations of information required for assessment of levy or deposit insurance premium’’; and (b) by the substitution for subsections (1), (2) and (3) of the follow- ing subsections, respectively: ‘‘(1) A financial sector body may, in writing, require a su- pervised entity or member to provide it with information rel- evant to any assessment of the supervised entity’s or mem- ber’s liability for any levy or deposit insurance premium as specified in the requirement. (2) A requirement in terms of subsection (1) may be pub- lished in the Register or provided to the supervised entity or member from whom information is required, and must specify the manner in which, and the date by when, the infor- mation must be provided. (3) A supervised entity or member must not fail or refuse to comply with a requirement issued in terms of subsection (1).’’. - 9 Verify source ↗
The following section is hereby substituted for section 242:
AI-assisted research summary: A financial sector body must send liable supervised entities or members an assessment for the levy or deposit insurance premium and state when it is due.
9. The following section is hereby substituted for section 242: ‘‘Assessments of levy or deposit insurance premium 242. (1) A financial sector body must issue to each supervised entity or member that is liable to pay a levy or deposit insurance premium for the financial year an assessment of a levy or deposit insurance premium payable by the supervised entity or member. (2) The assessment notice issued to a supervised entity or mem- ber must state the date on which the levy or deposit insurance pre- mium is due and must be paid, which period must not be less than 30 days from the date of receipt of the notice of assessment by the supervised entity or member.’’. - 10 Verify source ↗
The following section is hereby substituted for section 243:
AI-assisted research summary: Certain people may ask to pay a fee, levy, deposit insurance premium, or deposit insurance levy in instalments, and the financial sector body must decide and notify them.
10. The following section is hereby substituted for section 243: ‘‘Payment of fee, [or] levy, deposit insurance premium, or de- posit insurance levy by instalments 243. (1) A person who has been charged a fee, or a supervised entity who has been charged a levy, or a member who has been charged a deposit insurance premium, or a deposit insurance levy, may offer to pay the fee, [or] levy, deposit insurance premium or deposit insurance levy by specified instalments, and if an offer is made, the financial sector body to which the fee, levy, deposit in- surance premium, or deposit insurance levy must be paid, must— (a) accept the offer; (b) accept a modified offer; or (c) reject the offer, and must notify the person who made the offer accordingly. (2) A person who wishes to make an offer to pay a fee, [or] levy, deposit insurance premium or deposit insurance levy by instalments must make an offer— (a) immediately after being notified of the fee, [or] levy, deposit insurance premium, or deposit insurance levy charged, if the fee, [or] levy, deposit insurance premium or deposit insurance levy must be paid within 14 days after the date on which noti- fication is received; or (b) at least 14 days before the date on which the fee, [or] levy, deposit insurance premium or deposit insurance levy must be paid, if paragraph (a) does not apply. (3) The financial sector body to which the offer to pay the fee, levy, deposit insurance premium or deposit insurance levy by instalments, referred to in subsection (1), was made, must notify the person who made an offer in terms of subsection (1) of its de- cision— This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi (tsamaiso) le dituelo tsa inšorense ya tipotsiti, 2022 no 12 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47696 15 15 Bogolo jwa tlhabololo kgotsa phimolo Nmr. ya Molao le ngwaga ya Molao Setlhogo se se Khutshwane - 8 Verify source ↗
Karolo 241 e tlhabololwa jaana—
AI-assisted research summary: The financial department may request information in writing, and the requested entity or member must comply.
8. Karolo 241 e tlhabololwa jaana— (a) ka kemisetso ya setlhogo ka setlhogo se se latelang: ‘‘Ditlhomamiso tsa tshedimosetso e e tlhokegang mabapi le tshekatsheko ya lekgethwana kgotsa tuelo ya insˇorense ya tipositi’’; le (b) ka kemisetso ya dikarolotlaleletso (1), (2) le (3) ka dikarolotlaleletso tse di latelang, ka tatelano: ‘‘(1) Setheo sa lephata la ditsˇhelete se ka, ka go kwala, lopa setheo se se okangweng kgotsa tokololo go se tlamela ka tshedimosetso e e maleba mo tshekatshekong efe ya maikarabelosemolao a lekgethwana lefe kgotsa tuelo ya insˇorense ya tipositi ya setheo se se okangweng kgotsa tokololo jaaka go tsepamisitswe mo topong. (2) Topo go ya ka karolotlaleletso (1) e ka phasalatswa mo Rejisetareng kgotsa ya tlamelwa setheo se se okangweng kgotsa tokololo e e lopiwang tshedimosetso, e bile e tshwanetse go tlhalosa mokgwa le letlha le ka lona, tshedimosetso e tshwanetseng go tlamelwa. (3) Setheo se se okangweng kgotsa tokololo ga se a tshwanela go retelelwa kgotsa go gana go obamela topo e e rebotsweng go ya ka karolotlaleletso (1).’’. - 9 Verify source ↗
Karolo e e latelang e tsenngwa mo boemong jwa karolo 242:
AI-assisted research summary: The finance-sector authority must give each affected entity or legally liable member its annual tax or deposit-insurance levy assessment, and the notice must state when payment is due and allow at least 30 days from receipt.
9. Karolo e e latelang e tsenngwa mo boemong jwa karolo 242: ‘‘Thekatsheko ya lekgethwana kgotsa tuelo ya insˇorense ya tipositi 242. (1) Setheo sa lephata la ditsˇhelete se tshwanetse go rebolela setheo sengwe le sengwe se se okangweng kgotsa tokololo e e rwalang maikarabelosemolao a go duela lekgethwana kgotsa tuelo ya insˇorense ya tipositi ya ngwaga wa ditsˇhelete tshekatsheko ya lekgethwana kgotsa tuelo ya insˇorense ya tipositi e e duelwang ke setheo se se okangweng kgotsa tokololo. (2) Kitsiso ya tshekatsheko e e reboletsweng setheo se se okangweng kgotsa tokololo e tshwanetse go tlhagisa letlha leo ka lona lekgethwana kgotsa tuelo ya insˇorense ya tipositi e tshwanetseng go duelwa, paka eo e seng kwa tlase ga matsatsi a le 30 go simolola ka letlha la kamogelo ya kitsiso ya tshekatsheko ka setheo se se okangweng kgotsa tokololo.’’. - 10 Verify source ↗
Karolo e e latelang e tsenngwa mo boemong jwa karolo 243:
AI-assisted research summary: A person charged a fee, levy, or insurance deposit charge may offer to pay it in instalments, and the financial sector authority must decide on the offer and notify the person.
10. Karolo e e latelang e tsenngwa mo boemong jwa karolo 243: ‘‘Tuelelo ya tuelo, [kgotsa] lekgethwana, tuelo ya insˇore ya tipositi, kgotsa lekgethwana la insˇorense ya tipositi ka dikarolwana 243. (1) Motho yo o duediswang tuelo, kgotsa setheo se se okangweng se se duediswang lekgethwana, kgotsa tokololo e e duediswang tuelo ya insˇorense ya tipositi, kgotsa lekgethwana la insˇorense ya tipositi, o ka tlhopha go duela tuelo, [kgotsa] lekgethwana, tuelo ya insˇorense ya tipositi kgotsa lekgethwana la insˇorense ya tipositi ka dikarolwana tse di tsepamisitsweng, e bile fa tsholofetso e dirilwe, setheo sa lephata la ditsˇhelete se tuelo, lekgethwana, tuelo ya insˇorense ya tipositi, kgotsa lekgethwana la insˇorense ya tipositi e tshwanetseng go duelwa go sona, se tshwanetse go— (a) amogela tsholofetso; (b) amogela tsholofetso e e fetotsweng; kgotsa (c) go se amogele tsholofetso, e bile se tshwanetse go itsise motho yo o dirileng tsholofetso ka nepagalo. (2) Motho yo o eletsang go dira tsholofetso ya go duela tuelo, [kgotsa] lekgethwana, tuelo ya insˇorense ya tipositi kgotsa lekgethwana la insˇorense ya tipositi ka dikarolwana o tshwanetse go dira tsholofetso— (a) ka bonako morago ga go itsisiwe ka tuelo, [kgotsa] lekgethwana, tuelo ya insˇorense ya tipositi kgotsa lekgethwana la insˇorense ya tipositi le le duediswang, fa tuelo, [kgotsa] lekgethwana, tuelo ya insˇorense ya tipositi kgotsa lekgethwana la insˇorense ya tipositi le tshwanetse go duelwa mo matsatsing a le 14 morago ga letlha le kitsiso e amogetsweng ka lona; kgotsa (b) bonnye matsatsi a le 14 pele ga letlha le ka lona tuelo, [kgotsa] lekgethwana, tuelo ya insˇorense ya tipositi kgotsa lekgethwana la insˇorense ya tipositi le tshwanetseng go duelwa, fa temana (a) e sa diriswe. (3) Setheo sa lephata la ditsˇhelete se tsholofetso ya go duela tuelo, lekgethwana, tuelo ya insˇorense ya tipositi kgotsa lekgethwana la insˇorense ya tipositi ka dikarolwana, e e kailweng mo karolotlaleletsong (1), e dirilweng go sona, se tshwanetse go itsise motho yo o dirileng tsholofetso go ya ka karolotlaleletso (1) ka ga tshwetso ya sona— This gazette is also available free online at www.gpwonline.co.za - 16 Verify source ↗
No. 47696
AI-assisted research summary: The text sets deadlines for action after an offer is received: one case requires action immediately, and another requires action within seven days.
16 No. 47696 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 12 of 2022 Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 Act No. and year of law Short Title Extent of amendment or repeal 16 (a) immediately after receipt of the offer, in respect of an offer referred to in subsection (2)(a); or (b) within seven days after the receipt of the offer, in respect of an offer referred to in subsection (2)(b).’’. - 11 Verify source ↗
Section 244 is hereby amended—
AI-assisted research summary: If certain fees, levies, or deposit insurance amounts are unpaid on time, the liable person must pay interest on the unpaid amount.
11. Section 244 is hereby amended— (a) by the substitution for the heading of the following heading: ‘‘Interest on late or non-payment of fees, [and] levies, de- posit insurance premiums and deposit insurance levies’’; (b) by the substitution for subsections (1), (2) and (3) of the follow- ing subsections, respectively: ‘‘(1) If a fee, [or] levy, deposit insurance premium or de- posit insurance levy is not paid, or not paid in full, within the period specified for payment, and an offer to pay the fee, [or] levy, deposit insurance premium or deposit insurance levy by instalments has not been accepted as referred to in section 243(1)(a) or (b), the person liable to pay the fee, [or] levy, deposit insurance premium or deposit insurance levy in ques- tion must pay interest at the rate referred to in subsection (2), on the amount of the fee, [or] levy, deposit insurance pre- mium or deposit insurance levy that remains unpaid 30 days after the due date. (2) Interest due and payable on an outstanding fee, [or] levy, deposit insurance premium or deposit insurance levy amount must be calculated based on the interest rate pre- scribed for the time being in terms of the Prescribed Rate of Interest Act, 1975 (Act No. 55 of 1975). (3) Interest charged on an outstanding fee amount is a debt due to the financial sector body, and may be recovered by a judicial process in a competent court.’’; and (c) by the addition of the following subsections: ‘‘(4) (a) Interest charged on an outstanding levy amount, referred to in section 237(3A)(a), is a debt due and payable to the Financial Sector Conduct Authority and must be paid into the account referred to in section 246(2)(a). (b) Interest charged on an outstanding levy amount, re- ferred to in section 237(3A)(b), is a debt due to the Prudential Authority and payable to the Prudential Authority through the Reserve Bank, and must be paid into the account referred to in section 246(2)(b). (c) Interest charged on an outstanding levy amount, re- ferred to in section 237(3A)(c), is a debt due to the Corpora- tion and payable to the Corporation through the Reserve Bank, and must be paid into the account referred to in section 246(2)(c). (d) Any overpayment of a levy amount or interest on a levy amount is a debt owed and payable, from the account referred to in section 246(2)(a), (b) or (c) to which the overpayment was made, to the supervised entity or member which made the overpayment. (5) (a) Interest charged on an outstanding deposit premium amount, referred to in section 237(3B)(a), is a debt due to the Corporation and payable to the Corporation through the Re- serve Bank, and must be paid into the account referred to in section 246(2)(d). (b) Any overpayment of a deposit insurance premium amount or interest on a deposit insurance premium amount is a debt owed and payable, from the account referred to in sec- tion 246(2)(d) to which the overpayment was made, to the member which made the overpayment.’’. This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi (tsamaiso) le dituelo tsa inšorense ya tipotsiti, 2022 no 12 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47696 17 17 Bogolo jwa tlhabololo kgotsa phimolo Nmr. ya Molao le ngwaga ya Molao Setlhogo se se Khutshwane (a) ka bonako morago ga kamogelo ya tsholofetso, mabapi le tsholofetso e e kailweng mo karolotlaleletsong (2)(a); kgotsa (b) mo matsatsing a le supa morago ga kamogelo ya tsholofetso, mabapi le tsholofetso e e kailweng mo karolotlaleletsong (2)(b).’’. - 11 Verify source ↗
Karolo 244 e tlhabololwa jaana—
AI-assisted research summary: Late-paid fees and levies attract interest, and the interest rate is set under the Prescribed Rate of Interest Act, 1975.
11. Karolo 244 e tlhabololwa jaana— (a) ka kemisetso ya setlhogo ka setlhogo se se latelang: ‘‘Morokotso mo tuelong e e thari kgotsa e e sa dirwang, [le] makgethwana, dituelo tsa insˇorense ya tipositi le makgethwana a insˇorense ya tipositi’’; (b) ka kemisetso ya dikarolotlaleletso (1), (2) le (3) ka dikarolotlaleletso tse di latelang, ka tatelano: ‘‘(1) Fa tuelo, [kgotsa] lekgethwana, tuelo ya insˇorense ya tipositi kgotsa lekgethwana la insˇorense ya tipositi e sa duelwa, kgotsa e sa duelwa ka botlalo, mo nakong e e beilweng ya tuelo, e bile tsholofetso ya go duela tuelo, [kgotsa] lekgethwana, tuelo ya insˇorense ya tipositi kgotsa lekgethwana la insˇorense ya tipositi ka dikarolwana e sa amogelwa jaaka go kailwe mo karolong 243(1)(a) kgotsa (b), motho yo o rwalang maikarabelosemolao go duela tuelo, [kgotsa] lekgethwana, tuelo ya insˇorense ya tipositi kgotsa lekgethwana la insˇorense ya tipositi e e umakwang o tshwanetse go duela morokotso ka seelo se se kailweng mo karolotlaleletsong (2), mo tlhotlhweng ya tuelo, [kgotsa] lekgethwana, tuelo ya insˇorense ya tipositi kgotsa lekgethwana la insˇorense ya tipositi e e salang go sa duelwa matsatsi a le 30 morago ga letlha la bofelo. (2) Morokotso o o tshwanetseng go duelwa mo tlhotlhweng e e saletseng ya tuelo, [kgotsa] lekgethwana, tuelo ya insˇorense ya tipositi kgotsa lekgethwana la insˇorense ya tipositi o tshwanetse go balwa go ikaegilwe mo seelong sa morokotso se se beilweng mo nakong e e rileng go ya ka Pre- scribed Rate of Interest Act, 1975 (Molao 55 wa 1975). (3) Morokotso o o duediswang mo tlhotlhweng e e saletseng kwa morago ya tuelo ke sekoloto se se tshwanetseng go duelwa kwa setheong sa lephata la ditsˇhelete, e bile o ka busetswa ka tsamaiso ya boatlhodi kwa kgotlatshekelong e e nang le bokgoni.’’; le (c) ka go tsenya dikarolotlaleletso tse di latelang: ‘‘(4) (a) Morokotso o o duediswang mo tlhotlhweng e e saletseng kwa morago ya lekgethwana, e e kailweng mo karolong 237(3A)(a), ke sekoloto se se tshwanetseng go duelwa kwa Bothating jwa Boitshwaro jwa Lephata la Ditsˇhelete e bile o tshwanetse go duelwa mo akhaontong e e kailweng mo karolong 246(2)(a). (b) Morokotso o o duediswang mo tlhotlhweng e e saletseng kwa morago ya lekgethwana, e e kailweng mo karolong 237(3A)(b), ke sekoloto se se tshwanetseng go duelwa kwa Bothating jwa Tlhokomelo le go duelwa kwa Bothating jwa Tlhokomelo ka Banka ya Resefe, e bile se tshwanetse go duelwa mo akhaontong e e kailweng mo karolong 246(2)(b). (c) Morokotso o o duediswang mo tlhotlhweng e e saletseng kwa morago ya lekgethwana, e e kailweng mo karolong 237(3A)(c), ke sekoloto se se tshwanetseng go duelwa kwa Koporasing le go duelwa kwa Koporasing ka Banka ya Resefe, e bile o tshwanetse go duelwa mo akhaontong e e kailweng mo karolong 246(2)(c). (d) Tuelo efe e e feteletseng ya tlhotlhwa ya lekgethwana kgotsa morokotso wa tlhotlhwa ya lekgethwana ke sekoloto se se kolotwang le go duelwa, go tswa mo akhaontong e e kailweng mo karolong 246(2)(a), (b) kgotsa (c) eo tuelo e e feteletseng e dirilweng mo go yona, kwa setheong se se okangweng kgotsa kwa tokololong e e dirileng tuelo e e feteletseng. (5) (a) Morokotso o o duelwang mo tlhotlhweng ya tuelo ya tipositi e e saletseng kwa morago, e e kailweng mo karolong 237(3B)(a), ke sekoloto se se duelwang ke Koporasi le go duelwa kwa Koporasing ka Banka ya Resefe, e bile se tshwanetse go duelwa mo akhaontong e e kailweng mo karolong 246(2)(d). (b) Tuelo nngwe le nngwe e e feteletseng ya tlhotlhwa ya tuelo ya insˇorense ya tipositi kgotsa morokotso wa tlhotlhwa ya tuelo ya insˇorense ya tipositi ke sekoloto se se kolotwang le go duelwa, go tswa mo akhaontong e e kailweng mo karolong 246(2)(d) e tuelo e e feteletseng e dirilweng mo go yona, kwa tokololong e e duetseng go fetelela.’’. This gazette is also available free online at www.gpwonline.co.za - 18 Verify source ↗
No. 47696
AI-assisted research summary: 18 No. 47696 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 12 of 2022 Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 Act No. and year of law Short Title Extent of amendment or repeal 18
18 No. 47696 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 12 of 2022 Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 Act No. and year of law Short Title Extent of amendment or repeal 18 - 12 Verify source ↗
Section 245 is hereby amended—
AI-assisted research summary: The Corporation may exempt a member from paying all or part of certain deposit insurance premiums if the member applies, and the member must provide information the Corporation requires. The Corporation must also publish each exemption.
12. Section 245 is hereby amended— (a) by the substitution for the heading of the following heading: ‘‘Exemption from fee or deposit insurance premium’’; and (b) by the addition of the following subsections: ‘‘(4) The Corporation may in writing, on application by a member, exempt a member from the payment of all or part of the deposit insurance premiums specified in Schedule 5, in respect of the premium period referred to in section 166BG(3), or a part of that period. (5) A member must, in the application referred to in sub- section (4), provide the information that the Corporation may determine, in the form and manner so determined. (6) The Corporation may only exempt a member if the Corporation is satisfied that the exemption from the deposit insurance premium— (a) will alleviate undue financial or other hardship or preju- dice to the member, or financial customers due to circum- stances outside the control of that member; (b) is not contrary to the public interest; (c) is necessary for— (i) developmental and financial inclusion, as well as transformation objectives to facilitate progressive or incremental compliance with the Act, or another fi- nancial sector law; or (ii) other sound reasons; and (d) is necessary to facilitate the affordability of the deposit insurance premium for the member. (7) The Corporation must publish, in accordance with the requirements under this Act, each exemption that is issued by the Corporation in terms of this section.’’. - 13 Verify source ↗
Section 246 is hereby amended—
AI-assisted research summary: This section changes who must collect certain levies and insurance premiums and where the money must be paid.
13. Section 246 is hereby amended— (a) by the substitution for the heading of the following heading: ‘‘Management of fees, [and] levies, deposit insurance pre- miums and deposit insurance levies’’; and (b) by the substitution for subsections (2) and (3) of the following subsections, respectively: ‘‘(2) (a) Levies imposed in accordance with [section 237(1)(b),] the Financial Sector and Deposit Insurance Levies Act, which are referred to in section 237(3A)(a), and interest accrued on those levies in terms of section 244(4)(a), must be collected by the Financial Sector Conduct Authority and paid into a bank account designated for that purpose, which is in the name and control of the Financial Sector Conduct Author- ity. (b) Levies imposed in accordance with the Financial Sector and Deposit Insurance Levies Act, which are referred to in section 237(3A)(b), and interest accrued on those levies in terms of section 244(4)(b), must be collected by the Reserve Bank and paid into a bank account designated for that pur- pose, which is in the name and control of the Prudential Au- thority. (c) Deposit insurance levies imposed in accordance with the Financial Sector and Deposit Insurance Levies Act, which are referred to in section 237(3A)(c), and interest accrued on those levies in terms of section 244(4)(c), must be collected by the Reserve Bank and paid into a bank account designated for that purpose, which is in the name and control of the Cor- poration. (d) Deposit insurance premiums imposed in accordance with section 166BG, which are referred to in section 237(3B)(a), and interest accrued on those premiums in terms of section 244(5), must be collected by the Reserve Bank and paid into the bank account of the Fund referred to in section 166BD(3). This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi (tsamaiso) le dituelo tsa inšorense ya tipotsiti, 2022 no 12 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47696 19 19 Bogolo jwa tlhabololo kgotsa phimolo Nmr. ya Molao le ngwaga ya Molao Setlhogo se se Khutshwane - 12 Verify source ↗
Karolo 245 e tlhabololwa jaana—
AI-assisted research summary: The Corporation may waive all or part of a member’s deposit insurance fees if the member applies and the stated conditions are met; the member must provide verifiable information, and the Corporation must publish each waiver granted.
12. Karolo 245 e tlhabololwa jaana— (a) ka kemisetso ya setlhogo ka setlhogo se se latelang: ‘‘Kgololo mo tuelong kgotsa mo tuelong ya insˇorense ya tipositi’’; le (b) ka go tsenya dikarolotlaleletso tse di latelang: ‘‘(4) Koporasi ka go kwala e ka, ka kopo ya tokololo, golola tokololo mo go dueleng ka gotlhe kgotsa karolo ya dituelo tsa insˇorense ya tipositi tse di tlhalositsweng mo sˇejuleng 5, mabapi le paka ya tuelo e e kailweng mo karolong 166BG(3), kgotsa karolo ya paka eo. (5) Tokololo e tshwanetse, mo kopong e e umakilweng mo karolotlaleletsong (4), go tlamela tshedimosetso e e ka tlhomamiswang ke Koporasi, ka mofuta le mokgwa o o batlegang. (6) Koporasi e ka golola tokololo fela fa Koporasi e kgotsofetse gore kgololo mo tuelong ya insˇorense ya tipositi— (a) e tla fedisa tshokolo e e feteletseng ya ditsˇhelete kgotsa efe kgotsa kgobelelo mo tokololong, kgotsa mo barekeding ba ditsˇhelete ka ntlha ya mabaka a a seng mo taolong ya tokololo eo; (b) ga e kgatlhanong le dikgatlhegelo tsa setsˇhaba; (c) e a tlhokega mabapi le— (i) kakaretso ya tlhabololo le ya ditsˇhelete, gape le maitlhomo a phetolo go nolofatsa kobamelo e e tswelelang kgotsa e e golang ya Molao, kgotsa molao o mongwe wa lephata la matlotlo; kgotsa (ii) mabaka a mangwe a a utlwalang; e bile (d) e a tlhokega go nolofatsa kgonagalo ya tuelo insˇorense ya tipositi ya tokololo. (7) Koporasi e tshwanetse go phasalatsa, go tsamaelana le ditlhokego ka fa tlase ga Molao ono, kgololo nngwe le nngwe e e rebotsweng ke Koporasi go ya ka karolo eno.’’. - 13 Verify source ↗
Karolo 246 e tlhabololwa jaana—
AI-assisted research summary: Certain fees and interest must be collected and paid into specified bank accounts by the named authorities.
13. Karolo 246 e tlhabololwa jaana— (a) ka kemisetso ya setlhogo ka setlhogo se se latelang: ‘‘Taolo ya dituelo, [le] makgethwana, dituelo tsa insˇorense ya tipositi le makgethwana a insˇorense ya tipositi’’; le (b) ka kemisetso ya dikarolotlaleletso (2) le (3) ka dikarolotlaleletso tse di latelang, ka tatelano: ‘‘(2) (a) Makgethwana a a duediswang go tsamaelana le [karolo 237(1)(b),] Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, a a kailweng mo karolong 237(3A)(a), le morokotso o o bonweng mo makgethwaneng ao go ya ka karolo 244(4)(a), a tshwanetse go kgobokanngwa ke Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete le go duelwa mo akhaontong ya banka e e tlhomilweng mabapi le maitlhomo ao, e e moleineng le mo taolong ya Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete. (b) Makgethwana a a duediswang go tsamaelana le Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, a a kailweng mo karolong 237(3A)(b), le morokotso o o bonweng mo makgethwaneng ao go ya ka karolo 244(4)(b), a tshwanetse go kgobokanngwa ke Banka ya Resefe le go duelwa mo akhaontong ya banka e e tlhomilweng mabapi le maitlhomo ao, e e moleineng le mo taolong ya Bothati jwa Tlhokomelo. (c) Makgethwana a insˇorense ya tipositi a a duediswang go tsamaelana le Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, a a kailweng mo karolong 237(3A)(c), le morokotso o o bonweng mo makgethwaneng ao go ya ka karolo 244(4)(c), a tshwanetse go kgobokanngwa ke Banka ya Resefe le go duelwa mo akhaontong ya banka e e tlhomilweng mabapi le maitlhomo ao, e e moleineng le mo taolong ya Koporasi. (d) Dituelo tsa insˇorense ya tipositi tse di duediswang go tsamaelana le karolo 166BG, tse di kailweng mo karolong 237(3B)(a), le morokotso o o bonweng dituelong tseo go ya ka karolo 244(5), di tshwanetse go kgobokanngwa ke Banka ya Resefe le go duelwa mo akhaontong ya banka ya Letlole le le umakilweng mo karolong 166BD(3). This gazette is also available free online at www.gpwonline.co.za - 20 Verify source ↗
No. 47696
AI-assisted research summary: The Financial Sector Conduct Authority must transfer each financial sector body’s levy allocation and related interest to that body’s designated account.
20 No. 47696 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 12 of 2022 Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 Act No. and year of law Short Title Extent of amendment or repeal 20 (3) Each financial sector body’s allocation of the levies [collected] in terms of section 12 of the Financial Sector and Deposit Insurance Levies Act and interest contemplated in subsection (2)(a), must be transferred by the Financial Sector Conduct Authority to the financial sector body’s designated account in accordance with a payment schedule agreed be- tween the financial sector body and the Financial Sector Con- duct Authority.’’. - 14 Verify source ↗
The amendment of section 247 by the insertion in subsection (2)
AI-assisted research summary: This section amends section 247 by adding a rule that deposit insurance levies received by the Corporation are to be used for the Fund’s general administrative and operating costs.
14. The amendment of section 247 by the insertion in subsection (2) after paragraph (a) of the following paragraph: ‘‘(aA) in respect of deposit insurance levies received by the Cor- poration, to the general administrative and operating costs of the Fund;’’. - 15 Verify source ↗
Section 248 is hereby amended—
AI-assisted research summary: The Corporation must prepare budget, accounts, statements, and an annual report, include the Fund in its accounts and report, and the CEO must ensure spending stays within the approved budget. Several bodies must send levies to the Financial Sector Conduct Authority two months before the relevant financial year, and financial sector bodies must publish budgets, fees, levies, and deposit insurance premiums online and in the Register.
15. Section 248 is hereby amended— (a) by the insertion after subsection (5) of the following subsection: ‘‘(5A) (a) The Corporation must prepare an annual budget and estimates of expenditure for the financial year in accor- dance with section 239 and in compliance with subsection (4)(b), and financial accounts, financial statements and an annual report as contemplated in sections 166AU and 166AV. (b) The financial accounts and financial statements of the Corporation must also include the financial accounts and fi- nancial statements of the Fund, and the annual report of the Corporation must also report on the activities, operations and performance of the Fund. (c) The Chief Executive Officer of the Corporation is re- sponsible for ensuring that the expenditure of the Corporation is in accordance with its approved budget.’’; (b) by the substitution for subsection (6) of the following subsec- tion: ‘‘(6) The [Prudential Authority, the] Tribunal, the Ombud Council, the Office of the Pension Funds Adjudicator, and the Office of the Ombud for Financial Services Providers must provide the Financial Sector Conduct Authority with its levies that will be imposed for the operation of the financial sector body two months prior to the start of a financial year in re- spect of which the levies will be imposed.’’; (c) by the insertion after subsection (8) of the following subsection: ‘‘(8A) In addition to the matters which must be included in the financial accounts, financial statements and annual reports of the Corporation referred to in subsection (5A), the annual reports of the Corporation must contain a statement show- ing— (a) the total number of members who paid deposit insurance levies and deposit insurance premiums imposed in that financial year; (b) the total deposit insurance levies collected by the Reserve Bank on behalf of and received by the Corporation; (c) the total deposit insurance premiums collected by the Reserve Bank on behalf of the Corporation and which were paid to the Fund; and (d) any other matter determined by the Minister.’’; and (d) by the substitution for subsection (9) of the following subsec- tion: ‘‘(9) A financial sector body must publish its annual budget on [their] its website, and must publish its determined fees and imposed levies and deposit insurance premiums in the Register and on its website.’’. This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi (tsamaiso) le dituelo tsa inšorense ya tipotsiti, 2022 no 12 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47696 21 21 Bogolo jwa tlhabololo kgotsa phimolo Nmr. ya Molao le ngwaga ya Molao Setlhogo se se Khutshwane (3) Kabo nngwe le nngwe ya setheo sa ditsˇhelete ya makgethwana [a a kgobokantsweng] go ya ka karolo 12 ya Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi le morokotso o o umakilweng mo karolotlaleletsong (2)(a), e tshwanetse go sutisetswa ke Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete kwa akhaontong e e tlhomilweng ya setheo sa ditsˇhelete go tsamaelana le thulaganyo ya tuelo e go dumalanweng ka yona magareng ga setheo sa lephata la matlotlo le Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete.’’. - 14 Verify source ↗
Tlhabololo ya karolo 247 ka go tsenngwa mo karolotlaleletsong
AI-assisted research summary: This section amends section 247 by inserting a new paragraph about insurance deposit rates and the Fund’s overall management and operational expenses.
14. Tlhabololo ya karolo 247 ka go tsenngwa mo karolotlaleletsong (2) morago ga temana (a) ga temana e e latelang: ‘‘(aA) mabapi le makgethwana a insˇorense ya tipositi a a amogetsweng ke Koporasi, go ditshenyegelo ka kakaretso tsa tsamaiso le ditiro tsa Letlole;’’. - 15 Verify source ↗
Karolo 248 e tlhabololwa jaana—
AI-assisted research summary: This amendment adds reporting, budgeting, fee-payment, and publication duties for the Corporation, certain oversight bodies, and a financial-sector institution.
15. Karolo 248 e tlhabololwa jaana— (a) ka go tsenngwa morago ga karolotlaleletso (5) ga karolotlaleletso e e latelang: ‘‘(5A) (a) Koporasi e tshwanetse go baakanya tekanyetsokabo ya ngwaga le diphopholetso tsa ditshenyegelo tsa ngwaga wa ditsˇhelete go tsamaelana le karolo 239 le ka kobamelo ya karolotlaleletso (4)(b), le diakhaonto tsa matlotlo, dikanego tsa matlotlo le pegelo ya ngwaga jaaka go umakilwe mo dikarolong 166AU le 166AV. (b) Diakahaonto tsa matlotlo le dikanego tsa matlotlo tsa Koporasi di tshwanetse go akaretsa diakhaonto tsa matlotlo le dikanego tsa matlotlo tsa Letlole, e bile pegelo ya ngwaga ya Koporasi e tshwanetse go bega ka ditiro, ditsamaiso le tiragatso ya Letlole. (c) Motlhankedikhuduthamagamogolo wa Koporasi o rwala maikarabelo a go netefatsa gore ditshenyegelo tsa Koporasi di go ya ka tekanyetsokabo ya yona e e rebotsweng.’’; (b) ka kemisetso ya karolotlaleletso (6) ka karolotlaleletso e e latelang: ‘‘(6) [Bothati jwa Tlhokomelo] Lekgotla, Khansele ya Ombud, Ofisi ya Moatlhodi wa Matlole a Phensˇene, le Ofisi ya Ombud wa Batlamedi ba Ditirelo tsa Ditsˇhelete ba tshwanetse go tlamela Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete ka makgethwana a a tlileng go duediswa mabapi le tiro ya setheo sa lephata la ditsˇhelete dikgwedi tse pedi pele ga tshimololo ya ngwaga wa ditsˇhelete e mabapi le yona makgethwana a tlileng go duediswa.’’; (c) ka go tsenngwa morago ga karolotlaleletso (8) ga karolotlaleletso e e latelang: ‘‘(8A) Mo godimo ga merero e e tshwanetseng go akaretswa mo diakhaontong tsa matlotlo, dikanego tsa matlotlo le dipegelo tsa ngwaga tsa Koporasi tse di kailweng mo karolotlaleletsong (5A), dipegelo tsa ngwaga tsa Koporasi di tshwanetse go nna le kanego e e bontshang— (a) palogotlhe ya ditokololo tse di duetseng makgethwana a insˇorense ya tipositi le dituelo tsa insˇorense ya tipositi tse di duediswang mo ngwageng oo wa ditsˇhelete; (b) palogotlhe ya makgethwana a insˇorense ya tipositi a a kgobokantsweng ke Banka ya Resefe mo boemong jwa le go amogelwa ke Koporasi; (c) palogotlhe ya dituelo tsa insˇorense ya tipositi tse di kgobokantsweng ke Banka ya Resefe mo boemong jwa Koporasi le tseo di neng di duetswe mo Letloleng; le (d) morero mongwe le mongwe ofe o o tlhomamisitsweng ke Tona.’’; le (d) ka kemisetso ya karolotlaleletso (9) ka karolotlaleletso e e latelang: ‘‘(9) Setheo sa lephata la ditsˇhelete se tshwanetse go phasalatsa tekanyetsokabo ya sona ya ngwaga mo webesaeteng ya [sona], e bile se tshwanetse go phasalatsa dituelo tse di tlhomamisitsweng le makgethwana a a duediswang le dituelo tsa insˇorense ya tipositi mo Rejisetareng le mo webesaeteng ya sona.’’. This gazette is also available free online at www.gpwonline.co.za - 22 Verify source ↗
No. 47696
AI-assisted research summary: 22 No. 47696 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 12 of 2022 Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 Act No. and year of law Short Title Extent of amendment or repeal 22
22 No. 47696 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 12 of 2022 Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 Act No. and year of law Short Title Extent of amendment or repeal 22 - 16 Verify source ↗
The amendment of section 288 by the insertion in subsection (1)
AI-assisted research summary: This amendment inserts paragraphs allowing banking and financial accounting arrangements to be prescribed for levies, deposit insurance premiums, and the management and administration of the Fund.
16. The amendment of section 288 by the insertion in subsection (1) after paragraph (a) of the following paragraphs: ‘‘(aA) to prescribe banking and financial accounting arrangements for the administration of levies, including any interest thereon, imposed in accordance with the Financial Sector and Deposit Insurance Levies Act; (aB) to prescribe banking and financial accounting arrangements for the administration of deposit insurance premiums, includ- ing any interest thereon, imposed in terms of section 166BG; (aC) to prescribe banking and financial accounting arrangements in respect of the management and administration of the Fund.’’. - 17 Verify source ↗
The amendment of section 301 by the addition of the following
AI-assisted research summary: A fees determination under a financial sector law stays in force for this Act and the law, even if the empowering provision was repealed.
17. The amendment of section 301 by the addition of the following subsection: ‘‘(8) (a) A determination of fees in terms of a financial sector law remains in force for the purposes of this Act, and that financial sector law, despite the repeal of the empowering provision in the financial sector law. (b) A determination referred to in paragraph (a) may be amended or revoked in terms of a new determination of fees made by the financial sector body in terms of section 237(2).’’. - 18 Verify source ↗
The following Schedule is hereby inserted after Schedule 4:
AI-assisted research summary: The schedule sets monthly deposit insurance premiums for banks, co-operative banks, mutual banks, and branches.
18. The following Schedule is hereby inserted after Schedule 4: SCHEDULE 5 DEPOSIT INSURANCE PREMIUM (Section 166BG) Monthly deposit insurance premium Type of super- vised en- tity Premium Fre- quency Mini- mum Amount Variable Amount(s) Descrip- tion of variable Formula Maxi- mum Bank Monthly 0 0.2%/12 × A Co-opera- tive bank Monthly 0 0.2%/12 × A Mutual bank Monthly 0 0.2%/12 × A Branch Monthly 0 0.2%/12 × A Premium = Variable amount Not applicable Premium = Variable amount Not applicable Premium = Variable amount Not applicable Premium = Variable amount Not applicable A = cov- ered de- posits as at the end of each calendar month A = cov- ered de- posits as at the end of each calendar month A = cov- ered de- posits as at the end of each calendar month A = cov- ered de- posits as at the end of each calendar month
Part
SCHEDULE 5
- 19 Verify source ↗
The Arrangement of Sections is hereby amended—
AI-assisted research summary: This section amends the Arrangement of Sections by replacing items 237 to 239 with “Fees, levies and deposit insurance premiums.”
19. The Arrangement of Sections is hereby amended— (a) by the substitution for items 237 to 239 of the following items: ‘‘237. Fees, [and] levies and deposit insurance premiums ’’. - 238 Verify source ↗
Fees, [and] levies and deposit insurance premiums to be
AI-assisted research summary: Fees, levies, and deposit insurance premiums are to be treated as debts.
238. Fees, [and] levies and deposit insurance premiums to be debts - 239 Verify source ↗
Budget, fees, [and] levies and deposit insurance pre-
AI-assisted research summary: This section appears to be a heading about budget, fees, levies, and deposit insurance premium proposals.
239. Budget, fees, [and] levies and deposit insurance pre- mium proposals’’; This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi (tsamaiso) le dituelo tsa inšorense ya tipotsiti, 2022 no 12 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47696 23 23 Bogolo jwa tlhabololo kgotsa phimolo Nmr. ya Molao le ngwaga ya Molao Setlhogo se se Khutshwane - 16 Verify source ↗
Tlhabololo ya karolo 288 ka go tsenngwa mo karolotlaleletsong
AI-assisted research summary: This provision amends section 288 by adding three new items about banking and accounting arrangements.
16. Tlhabololo ya karolo 288 ka go tsenngwa mo karolotlaleletsong (1) morago ga temana (a) ga ditemana tse di latelang: ‘‘(aA) go neelana ka dithulaganyo tsa go banka le palotlotlo ya ditsˇhelete mabapi le tsamaiso ya makgethwana, go akaretsa le morokotso ofe wa ona, a a duediswang go tsamaelana le Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi; (aB) go neelana ka dithulaganyo tsa go banka le palotlotlo ya ditsˇhelete mabapi le tsamaiso ya dituelo tsa insˇorense ya tipositi, go akaretsa le morokotso wa ona, a a duediswang go ya ka karolo 166BG; (aC) go neelana ka dithulaganyo tsa go banka le palotlotlo ya ditsˇhelete mabapi le taolo le tsamaiso ya Letlole.’’. - 17 Verify source ↗
Tlhabololo ya karolo 301 ka go tsenngwa ga karolotlaleletso e e
AI-assisted research summary: A finance-sector fee determination continues to apply for this Act and the finance-sector law, and it can later be amended or repealed by a new fee determination made under section 237(2).
17. Tlhabololo ya karolo 301 ka go tsenngwa ga karolotlaleletso e e latelang: ‘‘(8) (a) Tlhomamiso ya dituelo go ya ka molao wa lephata la ditsˇhelete e tswelela go gatelelwa mabapi le maitlhomo a Molao ono, le molao oo wa lephata la ditsˇhelete, go sa nyatswe phimolo ya ditaolo tse di nayang maatla mo molaong wa lephata la ditsˇhelete. (b) Tlhomamiso e e kailweng mo temaneng (a) e ka tlhabololwa kgotsa ya phimolwa go ya ka tlhomamiso e ntsˇhwa ya dituelo e e dirilweng ke setheo sa lephata la ditsˇhelete go ya ka karolo 237(2).’’. - 18 Verify source ↗
S(cid:323)ejule e e latelang e tsenngwa morago ga S(cid:323)ejule 4:
AI-assisted research summary: This section inserts a new Schedule 5 after Schedule 4.
18. S(cid:323)ejule e e latelang e tsenngwa morago ga S(cid:323)ejule 4: S(cid:323)EJULE 5 TUELO YA INS(cid:323)ORENSE YA TIPOSITI (Karolo 166BG) Mofuta wa setheo se se okangweng Tlhotl hwa ya Mothe o (Di)Tlho tlhwa ya Pharolo gano Banka Ka kgwedi Ka kgwedi Ka kgwedi Lekala Ka kgwedi A A A A tipositi A = tse di kwa duelelwang bokhutlong jwa kgwedi nngwe le nngwe ya alemanaka Ga e maleba tipositi tse di A = duelelwang kwa bokhutlong jwa kgwedi le nngwe ya nngwe aalemanaka ya ya alemanaka tipositi tse di A = duelelwang kwa bokhutlong jwa kgwedi nngwe le nngwe ya alemanaka tipositi tse di A = duelelwang kwa bokhutlong jwa kgwedi nngwe le nngwe ya alemanaka Ga e maleba Ga e maleba Ga e maleba - 19 Verify source ↗
Thulaganyo ya Dikarolo e tlhabololwa jaana—
AI-assisted research summary: This section appears to amend the schedule by inserting items 237 to 239 with new text that follows.
19. Thulaganyo ya Dikarolo e tlhabololwa jaana— (a) ka kemisetso ya dintlha 237 go fitlha go 239 ka dintlha tse di latelang: ‘‘237. Dituelo, [le] makgethwana le dituelo tsa insˇorense ya tipositi - 238 Verify source ↗
Dituelo, [le] makgethwana le dituelo tsa insˇorense ya
AI-assisted research summary: This provision is titled about fees, levies, and deposit insurance premiums as debts.
238. Dituelo, [le] makgethwana le dituelo tsa insˇorense ya tipositi go nna dikoloto - 239 Verify source ↗
Tekanyetsokabo, dituelo, [le] ditshitsinyo tsa
AI-assisted research summary: This provision appears to be a heading about budgeting, fees, excise duties, and insurance deposit charges.
239. Tekanyetsokabo, dituelo, [le] ditshitsinyo tsa makgethwana le dituelo tsa insˇorense ya tipositi’’; This gazette is also available free online at www.gpwonline.co.za - 24 Verify source ↗
No. 47696
AI-assisted research summary: This section amends item 241 by replacing items 241 to 246 with a new item about determining the information needed to assess a levy or deposit insurance premium.
24 No. 47696 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 12 of 2022 Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 Act No. and year of law Short Title Extent of amendment or repeal 24 (b) by the substitution for items 241 to 246 of the following items: ‘‘241. Determinations of information required for assessment of levy or deposit insurance premium - 242 Verify source ↗
Assessments of levy or deposit insurance premium
AI-assisted research summary: This section concerns assessments of levy or deposit insurance premium.
242. Assessments of levy or deposit insurance premium - 243 Verify source ↗
Payment of fee, [or] levy, deposit insurance premium, or
AI-assisted research summary: This provision concerns paying a fee, levy, deposit insurance premium, or deposit insurance levy in instalments.
243. Payment of fee, [or] levy, deposit insurance premium, or deposit insurance levy by instalments - 244 Verify source ↗
Interest on late or non-payment of fees, [and] levies,
AI-assisted research summary: This section concerns interest on late payment or non-payment of fees, levies, deposit insurance premiums, and deposit insurance levies.
244. Interest on late or non-payment of fees, [and] levies, deposit insurance premiums and deposit insurance levies - 245 Verify source ↗
Exemption from fee or deposit insurance premium
AI-assisted research summary: Section 245 concerns exemption from a fee or deposit insurance premium.
245. Exemption from fee or deposit insurance premium - 246 Verify source ↗
Management of fees, [and] levies, deposit insurance pre-
AI-assisted research summary: This provision amends the section heading to cover management of fees, levies, deposit insurance premiums and deposit insurance levies, and adds a new Schedule 5 for Deposit Insurance Premium.
246. Management of fees, [and] levies, deposit insurance pre- miums and deposit insurance levies’’; and (c) by the insertion after the item relating to Schedule 4 of the fol- lowing item: ‘‘Schedule 5: Deposit Insurance Premium’’. This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi (tsamaiso) le dituelo tsa inšorense ya tipotsiti, 2022 no 12 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47696 25 25 Bogolo jwa tlhabololo kgotsa phimolo Nmr. ya Molao le ngwaga ya Molao Setlhogo se se Khutshwane (b) ka kemisetso ya dintlha 241 go fitlha go 246 ka dintlha tse di latelang: ‘‘241. Ditlhomamiso tsa tshedimosetso e e tlhokegang mabapi le tshekatsheko ya makgethwana le tuelo ya insˇorense ya tipositi - 242 Verify source ↗
Ditshekatsheko tsa lekgethwana kgotsa tuelo ya
AI-assisted research summary: Section 242 concerns tax assessments or an insurance premium.
242. Ditshekatsheko tsa lekgethwana kgotsa tuelo ya insˇorense ya tipositi - 243 Verify source ↗
Tuelelo ya tuelo, [kgotsa] lekgethwana, tuelo ya
AI-assisted research summary: Section heading about payment, levy, insurance deposit payment, or levy in instalments.
243. Tuelelo ya tuelo, [kgotsa] lekgethwana, tuelo ya insˇorense ya tipositi, kgotsa lekgethwana la insˇorense ya tipositi ka dikarolwana - 244 Verify source ↗
Morokotso mo tuelong e e thari kgotsa e e sa dirwang,
AI-assisted research summary: This provision refers to interest on tax that is overdue or unpaid, and to surcharges and deposit insurance premiums or charges.
244. Morokotso mo tuelong e e thari kgotsa e e sa dirwang, [le] makgethwana, dituelo tsa insˇorense ya tipositi, kgotsa makgethwana a insˇorense ya tipositi - 245 Verify source ↗
Kgololo mo tuelong kgotsa tuelong ya insˇorense ya
AI-assisted research summary: This section is about release in payment or insurance-deposit payment.
245. Kgololo mo tuelong kgotsa tuelong ya insˇorense ya tipositi - 246 Verify source ↗
Taolo ya dituelo, [le] makgethwana, dituelo tsa insˇorense
AI-assisted research summary: This text appears to amend references to deposit insurance fees and a Schedule 5 title.
246. Taolo ya dituelo, [le] makgethwana, dituelo tsa insˇorense ya tipositi, kgotsa makgethwana a insˇorense ya tipositi’’; le (c) ka go tsenngwa morago ga ntlha e e amanang le sˇejule 4 ga ntlha e e latelang: ‘‘S(cid:323)ejule 5: Tuelo ya Insˇorense ya Tipositi’’. This gazette is also available free online at www.gpwonline.co.za - 26 Verify source ↗
No. 47696
AI-assisted research summary: 26 No. 47696 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 This gazette is also available free online at www.gpwonline.co.za STAATSKOERANT, 9 FEbRuARIE 2022 No. 47696 27 This gazette is also available free online at www.gpwonline.co.za
26 No. 47696 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 This gazette is also available free online at www.gpwonline.co.za STAATSKOERANT, 9 FEbRuARIE 2022 No. 47696 27 This gazette is also available free online at www.gpwonline.co.za - 28 Verify source ↗
No. 47696
AI-assisted research summary: This text is a gazette header showing the Government Gazette issue details and contact information.
28 No. 47696 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 This gazette is also available free online at www.gpwonline.co.zaPrinted by and obtainable from the Government Printer, Bosman Street, Private Bag X85, Pretoria, 0001Contact Centre Tel: 012-748 6200. eMail: info.egazette@gpw.gov.zaPublications: Tel: (012) 748 6053, 748 6061, 748 6065
Provision text is displayed from LexChat’s stored statute record. Use the official source links to verify amendments, commencement, and current legal force.
Ask AI about this statute
Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act
Sign in to ask AI about this statute
Sign in to start authenticated, citation-grounded statute research.
Sign in