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

Chapter 2 : Equitable Share Allocations

5. Equitable division of local government share among municipalities

 

 

1) Each municipality's share of local government's equitable share of revenue raised nationally in respect of the financial year is set out in Column A of Schedule 3.

 

2) An envisaged division between municipalities of revenue anticipated to be raised nationally in respect of the next financial year and the 2015/16 financial year, and which is subject to the annual Division of Revenue Acts for those financial years, is set out in Column B of Schedule 3.

 

3) The National Treasury must transfer each municipality's equitable share referred to in subsection (1) to the primary bank account of the municipality in three transfers on 5 July 2013, 29 November 2013 and 21 March 2014, in accordance with the payment schedule determined in terms of section 22.