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Table of Contents
Division of Revenue Act, 2024 (Act No. 24 of 2024)
Notice No. 4921 of 2024
Act
Preamble
Chapter 1 : Interpretation and Objects of Act
1. Interpretation
2. Objects of Act
Chapter 2 : Equitable Share Allocations
3. Equitable division of revenue raised nationally among spheres of government
4. Eqitable division of provincial share among provinces
5. Equitable division of local government share among municipalities
6. Shortfalls, excess revenue and increasing equitable share
Chapter 3 : Conditional Allocations to Provinces and Municipalities
Part 1 : Conditional allocations
7. Conditional allocations to provinces
8. Conditional allocations to municipalities
Part 2 : Duties of accounting officers in respect of Schedule 4 to 7 allocations
9. Duties of transferring officer in respect of Schedule 4 allocations
10. Duties of transferring officer in respect of Schedule 5 or 6 allocations
11. Duties of receiving officer in respect of Schedule 4 allocations
12. Duties of receiving officer in respect of Schedule 5 or 7 allocations
13. Duties of receiving officer in respect of infrastructure conditional allocations to provinces
14. Duties in respect of annual financial statements and annual reports for 2024/25
Part 3 : Matters relating to Schedule 4 to 7 allocations
15. Publication of allocations and frameworks
16. Expenditure in terms of purpose and subject to conditions
17. Withholding of allocations
18. Stopping of allocations
19. Reallocation of funds
20. Conversion of allocations
21. Unspent conditional allocations
Chapter 4 : Matters relating to all allocations
22. Payment requirements
23. Amendment of payment schedule
24. Transfers made in error or fraudently
25. New allocations during financial year and Schedule 7 allocations
26. Preparations for 2025/26 financial year and 2026/27 financial year
27. Transfers before commencement of Division of Revenue Act for 2025/26 financial year
Chapter 5 : Duties and Powers of Municipalities, Provincial Treasuries and National Treasury
28. Duties of municipalities
29. Duties and powers of provincial treasuries
30. Duties and powers of National Treasury
Chapter 6 : General
31. Liability for costs incurred in violation of principles of cooperative governance and intergovernmental relations
32. Irregular expenditure
33. Financial misconduct
34. Delegations and assignments
35. Departures
36. Regulations
37. Repeal of laws and savings
38. Short title and commencement
Schedules
Schedule 1 : Equitable division of revenue raised nationally among the three spheres of government
Schedule 2 : Determination of each province's equitable share of the provincial sphere's share of revenue raised nationally (as a direct charge against the National Revenue Fund)
Schedule 3 : Determination of each municipality's equitable share of the government sphere's share of revenue raised nationally
Schedule 4
Part A : Allocations to provinces to supplement the funding of programmes or functions funded from provincial budgets
Part B : Allocations to municipalities to supplement the funding of programmes or functions funded from municipal budgets
Schedule 5
Part A : Specific purpose allocations to provinces
Part B : Specific purpose allocations to municipalities
Schedule 6
Part A : Allocations-in-kind to provinces for designated special programmes
Part B : Allocations-in-kind to municipalities for designated special programmes
Schedule 7
Part A : Allocations to provinces for immediate disaster response
Part B : Allocations to municipalities for immediate disaster response
‘‘prescribe’’
means prescribe by regulation in terms of
section 36
;
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