Q: Is the CSOS going to supply invoices for the payment of levies?
Yes. The CSOS will issue invoices to the community schemes and not the home owner.
Q: How much is payable?
2% on all amounts exceeding R500.00 of the monthly levy. This means that the first R500 of the monthly levy is exempt from CSOS fees. The CSOS fee has been calculated in such a way that the fee will never exceed R40.00
Q: How often must payment be made?
The CSOS fee is levied monthly and will be collected from community schemes on a quarterly basis.
Q: Will CSOS fees be applicable to exclusive use contributions and special levies?
The CSOS fee will only apply to normal levies.
Q: How will schemes within schemes be charged? For example, body corporates within a home owners’ association?
The CSOS levies are capped at R40. Schemes within schemes will have to tabulate all applicable levy fees, apply the 2% CSOS charge less R500.00. If this amount is less than R40, this is what is applicable.
Q: What happens with late payments/defaulting members who do not pay the CSOS levies?
Interest on levies will be charged at the prescribed rate by the National Credit Act on a monthly basis.
Q: Does the Ombud have jurisdiction over arrear levies?
Yes, the Ombud can make orders through adjudication.
Q: How will waived levies be assessed and communicated?
Q: Is the levy waiver permanent or applicable for a set period?
In the event that there is a change in the financial position of the applicant or if the information submitted to the CSOS is found to be incorrect, the application will be reviewed and the waiver may be withdrawn.
Q: Certain schemes have Conduct Rules that provide for fines being levied against members in certain instances. Would this supersede the Act insofar as the recovery thereof on the levy statement?
The Act sill allows the schemes to recover the levy and any other amount. It can be included on the levy statement if the member cons