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Money Bills Amendment Procedure and Related Matters Act, 2009 (Act No. 9 of 2009)

4. Parliamentary committees for consideration of money Bills

 

(1) Each House must establish a committee on finance.

 

(2) A committee on finance has the powers and functions conferred on it by the Constitution, legislation, the standing rules or a resolution of a House, including considering and reporting on—
(a) the national macro-economic and fiscal policy;
(b) the fiscal framework, revised fiscal framework, Bills and amendments thereto;
(c) actual revenue published by the National Treasury; and
(d) any other related matter set out in this Act.

[Section 4(2) substituted by section 3(a) of Notice No. 17, GG 42170, dated 17 January 2019]

 

(3) Each house must establish a committee on appropriations.

 

(4) A committee on appropriations has the powers and functions conferred on it by the Constitution, legislation, the standing rules or a resolution of a House, including considering and reporting on—
(a) spending issues;
(b) the Division of Revenue Bill, the Appropriation Bill, Supplementary Appropriation Bills, the Adjustments Appropriation Bill, and amendments thereto;
(c) recommendations of the Financial and Fiscal Commission, including those referred to in the Intergovernmental Fiscal Relations Act, 1997 (Act No. 97 of 1997);
(d) reports or statements on actual expenditure published by the National Treasury; and
(e) any other related matter set out in this Act.

[Section 4(4) substituted by section 3(b) of Notice No. 17, GG 42170, dated 17 January 2019]

 

(5) The standing rules must provide for—
(a) the composition of the committees;
(b) the election of the chairpersons;
(c) the functions of the committees in addition to those stipulated in this Act;
(d) consultation between the respective committees on finance of each House;
(e) consultation between the respective committees on appropriations of each House; and
(f) any other related matter.