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Division of Revenue Act, 2012 (Act No. 5 of 2012)

Chapter 3 : Conditional Allocations to Provinces and Municipalities

Part 3 : Matters relating to Schedule 4 to 8 allocations

15. Publication of allocations and frameworks

 

 

1) The National Treasury must, within 14 days of this Act taking effect, publish in the Gazette-
a) the allocations per municipality, in respect of Schedule 4 and 6 allocations;
b) the indicative allocations per province and municipality, in respect of Schedule 7 allocations; and
c) the framework for each allocation in Schedules 4 to 8.

 

2) The National Treasury must publish in the Gazette-
a) any revisions of or amendments to the allocations and frameworks published in terms of subsection (1)(a) and (c);
b) any virement which is made in accordance with the requirements of section 6(3) and the Public Finance Management Act;
c) any revisions of or amendments to the allocations and frameworks published in terms of subsection ( 1) necessary to give effect to the conversion of an allocation in terms of section 20; and
d) any revised allocations in respect of Schedule 7 allocations.

 

3) The National Treasury may, at any time-
a) after consultation with or at the written request of a transferring national officer; and
b) after submitting a revised framework to Parliament for parliamentary comment for a period of 14 days when Parliament is in session,

revise or amend a framework published in terms of subsection (1)(c) or (2)(a), to correct any error or omission.

 

4) An amendment, revision, virement or re-allocation takes effect on publication thereof in the Gazette, with the exception of a Schedule 8 allocation.