Regulation 28(2), published in terms of the Medical Schemes Act, now effectively reads as follows:
“Subject to sub-regulation (3), the maximum amount payable to a broker by a medical scheme in respect of the introduction of a member to a medical scheme by that broker and the provision of ongoing service or advice to that member, shall not exceed –
- 00, plus value added tax (VAT) per month, or such other monthly amount as the Minister shall determine annually in the Government Gazette, taking into consideration the rate of normal inflation; or
3% plus value added tax (VAT) of the contributions payable in respect of that member, whichever is the lesser.”
