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Division of Revenue Act, 2023 (Act No. 5 of 2023)

Chapter 5 : Duties and Powers of Municipalities, Provincial Treasures and National Treasury

30. Duties and powers of National Treasury

 

(1) The National Treasury must, within 14 days after this Act takes effect, submit a notice to all transferring officers containing the details of the primary bank accounts of each province and municipality.

 

(2) The National Treasury must, together with the statement envisaged in section 32(2) of the Public Finance Management Act, publish a report on actual transfers of all allocations listed in Schedules 4, 5, 6 and 7 or made in terms of section 25.

 

(3) The National Treasury may include in a report on the equitable share and conditional allocations in terms of this Act, any report it publishes—
(a) that aggregates statements published by provincial treasuries envisaged in section 71(7) of the Municipal Finance Management Act; and
(b) in respect of municipal finances.

 

 


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