Section 14: Contribution to Fund
consolidated text (as at 2002). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
14. Contribution to Fund
(1) For the purposes of this Act, every export enterprise and every
worker other than a retired worker shall make a monthly contribution to the
Fund according to such rates as may be prescribed.
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(2) Any contribution made to the Fund shall be deductible for income tax
purposes.
(3) Where an export enterprise fails to comply with subsection (1) within
the prescribed delay, it shall be liable to a surcharge as may be prescribed.
(4) For the purpose of determining whether a surcharge is leviable under
this section—
(a) where payment of contributions is made by post, the contribution shall be deemed to have been made on the date of the
postmark;
(b) where payment of contributions is not effected by reason of a
misdirection, the payment shall be made within 20 days of the
date on which the misdirection is notified to the export enterprise.
[S. 14 amended by s. 9 of Act 37 of 2002 w.e.f. 1 January 2003.]