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Division of Revenue Act, 2013 (Act No. 2 of 2013)

Chapter 4 : Matters Relating to All Allocations

25. New allocations during financial year and Schedule 7 allocations

 

 

1) If further allocations are made to provinces or municipalities, as envisaged in terms of section 6(3), the National Treasury must, before the transfer of any funds to a province or municipality, by notice in the Gazette and as applicable-
a) amend any allocation or framework published in terms of section 15(1), as amended in terms of section 15(2);
b) publish the allocation per municipality for any new Part B of Schedule 5 allocation or the indicative allocation per municipality for any new Part B of Schedule 6 allocation; or
c) publish a framework for any new Schedule 4, 5, 6 or 7 allocation.

 

2) Section 15(2) and (3) applies with the necessary changes to allocations and frameworks published in terms of subsection (1).

 

3)
a) The transferring  national officer may, with  the approval of  the National Treasury, transfer a Schedule 7 allocation to a province or municipality.
b) The transferring national officer must notify the relevant provincial treasury and the National Treasury within 14 days of a transfer of a Schedule 7 allocation to a province or municipality.
c) The National Treasury must publish a Schedule 7 allocation by notice in the Gazette within 21 days after being notified in terms of paragraph (b).
d) Schedule 7 allocations must be appropriated either in the provincial adjustments appropriation legislation,  municipal  adjustments  budgets  or  other  appropriation legislation.