1 – On the 1st of April 2021 Gazette no 44409 was issued, which replaces and corrects some aspects of Gazette 43959 which was issued on 3 December 2020. The new Gazette requires some clarity, being:
- The Gazette number it refers to should be number 43959 and not 43595 (page 4)
- The terminology used for the Year of Assessment is “The 2021 Assessment Year”, which means “the 1st March 2021 to 28th Feb 2022” (page 5). It’s been confirmed that this is how the Dept of Labour will refer to a year of assessment going forward.
The notice also refers to the assessment classes and their respective percentages used in the calculation of the expense (i.e. the insurance cover) as well as the income that will be received by the fund. The Gazette is therefore an important document to read. Click here to read the full Gazette.
Domestic Employers are now included at a rate of 1.04 % (from 2020) and is fixed until 2025. This will only come into effect when the COID Amendment Bill is promulgated (and made effective)
2 – On the 7th of April 2021 Gazette no 44422 was issued, which confirms changes relating to:
- Increasing the minimum assessment amount to R 1 284, ensuring that the assessment is not less than the administrative costs
- The withdrawal of the implementation of Section 85 (1). This Section deals with a possible variation in the tariff due on assessment, based on the employer having taken certain steps and / or implemented new policies and procedures to prevent accidents (i.e. as compared to other employers who are in a similar business).
Click here to read the official notice.