Implementation of Geneva Conventions Act, 2012
R 385
Division of Revenue Act, 2013 (Act No. 2 of 2013)Chapter 4 : Matters Relating to All Allocations25. New allocations during financial year and Schedule 7 allocations |
| 1) | If further allocations are made to provinces or municipalities, as envisaged in terms of section 6(3), the National Treasury must, before the transfer of any funds to a province or municipality, by notice in the Gazette and as applicable- |
| a) | amend any allocation or framework published in terms of section 15(1), as amended in terms of section 15(2); |
| b) | publish the allocation per municipality for any new Part B of Schedule 5 allocation or the indicative allocation per municipality for any new Part B of Schedule 6 allocation; or |
| c) | publish a framework for any new Schedule 4, 5, 6 or 7 allocation. |
| 2) | Section 15(2) and (3) applies with the necessary changes to allocations and frameworks published in terms of subsection (1). |
| 3) |
| a) | The transferring national officer may, with the approval of the National Treasury, transfer a Schedule 7 allocation to a province or municipality. |
| b) | The transferring national officer must notify the relevant provincial treasury and the National Treasury within 14 days of a transfer of a Schedule 7 allocation to a province or municipality. |
| c) | The National Treasury must publish a Schedule 7 allocation by notice in the Gazette within 21 days after being notified in terms of paragraph (b). |
| d) | Schedule 7 allocations must be appropriated either in the provincial adjustments appropriation legislation, municipal adjustments budgets or other appropriation legislation. |
