RegAlertRule · NAMFISA · 21 May 2003
Levies on Medical Aid Funds
Registered medical aid funds must pay annual levies consisting of a basic levy of N$2000.00 and an additional levy of N$12.00 for each principal member at the end of the preceding year. The first bi-annual payment is due by September 30, 2003, and must be deposited into the Namibia Financial Institution Supervisory Authority's bank account at Standard Bank Namibia. Overdue amounts incur interest at the prevailing prime overdraft rate of Standard Bank Namibia, and all levies are inclusive of VAT.
NAMFISA
NAMIBIA FINANCIAL
INSTITUTIONS SUPERVISORY AUTHORITY
– Safeguarding the Nation’s Wealth! –
May 21, 2003
Enquiries: W.U.Kamburona
TO: ALL PRINCIPAL OFFICERS OF MEDICAL AID FUNDS
Circular Letter: PI/MA/4/2003
LEVY ON MEDICAL AID FUNDS
In terms of section 25 (1) of the Namibia Financial Institution Supervisory Authority Act, (Act No.3 of 2001) you are hereby reminded that the due date for the first bi-annual payment of levies as prescribed by the Act, is September 30, 2003.
Every registered fund as defined in section 1 of the Medical Aid Funds Act, (Act No.23 of 1995) must pay the following annual levies:
(a) Basic levy: N$2000.00
(b) Additional levy: N$12.00 for each principal member of the registered fund at the end of the year preceding the levy year.
The levies payable in terms of this notice must be paid to the Namibia Financial Institution Supervisory Authority (NAMFISA) via a deposit into the bank account of the Authority. The bank particulars are as follows:
Account No: 241 440 351
Standard Bank Namibia
Gustav Voigt Branch (branch code no.2772)
Interest will be charged on amounts of overdue levies at a rate equal to the prevailing prime overdraft rate of Standard Bank Namibia. The levies referred to in this notice are inclusive of VAT.
If you have any questions, please feel free to contact us.
Yours truly,
Marcelina Gaoses
Deputy Registrar (GM): Provident Institutions
FOR REGISTRAR: MEDICAL AID FUNDS
- P.O. Box 21250 Windhoek NAMIBIA • 154 Independence Avenue • 8th Floor, Sanlam Centre
- Tel: (+264 61) 290 5000 • Fax: (+264 61) 256303 • E-Mail: info@namfisa.com.na
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
Lineage: No known changes
RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.
The links and the sentences they come from (1)
- Issued under
“In terms of section 25 (1) of the Namibia Financial Institution Supervisory Authority Act, (Act No.3 of 2001) you are hereby reminded...”
Mentions (1): 1 document this one mentions without changing it
- Refers to
- Medical Aid Funds Act 23 of 19952017 · NAMFISA
“Every registered fund as defined in section 1 of the Medical Aid Funds Act, (Act No.23 of 1995) must pay the following annual levies:”
Similar documents from other regulators
FSCACircular F.S. No. 28: Levies by the Financial Services BoardSouth Africa · 1991-04-12
More like this from NAMFISA
We email you every new NAMFISA publication the day it's published.
Source: Namibia Financial Institutions Supervisory Authority — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added · updated