Intellectual Property Rights from Publicly Financed Research and
R 385
Division of Revenue Act, 2018 (Act No. 1 of 2018)Preamble |
WHEREAS section 214(1) of the Constitution of the Republic of South Africa, 1996, requires an Act of Parliament to provide for—
| (a) | the equitable division of revenue raised nationally among the national, provincial and local spheres of government; |
| (b) | the determination of each province’s equitable share of the provincial share of that revenue; and |
| (c) | any other allocations to provinces, local government or municipalities from the national government’s share of that revenue, and any conditions on which those allocations may be made; and |
WHEREAS the Division of Revenue Act, 2018 (Act No. 1 of 2018), gives effect to section 214(1) of the Constitution in respect of the 2018/19 financial year;
AND WHEREAS section 12(4) of the Money Bills Amendment Procedure and Related Matters Act, 2009 (Act No. 9 of 2009), requires the Minister of Finance to table a division of revenue amendment Bill with a revised fiscal framework if the adjustments budget effects changes to the Division of Revenue Act for the relevant year,
[Preamble substituted by Notice No. 13, GG 42166 dated 17 January 2019]
BE IT THEREFORE ENACTED by the Parliament of the Republic of South Africa, as follows:—
