Regulatory Alerts2024-12-27
Added
I/MAF/02/2024 – Submission of Revised Annual Returns (Annexure C)
Registered medical aid funds must complete and submit the annual return template marked "Annexure A 3 (MAF)" to the Registrar within six months after the end of each financial year. This directive applies to all financial years ending on or after 31 December 2024 and requires external auditors to provide reasonable assurance on the submitted information and comparative data via a written report. Funds must also report on different types of administration services paid for including comparative information, while failure to comply with timelines or submitting incomplete returns incurs an administrative penalty of N$1,000.00 for each calendar day until correction.
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