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Division of Revenue Act, 2015 (Act No. 1 of 2015)

Chapter 2 : Equitable Share Allocations

3. Equitable division of revenue raised nationally among spheres of government

 

 

(1) Revenue raised nationally in respect of the 2015/16 financial year must be divided among the national, provincial and local spheres of government as set out in Column A of Schedule 1.

 

(2) An envisaged division of revenue anticipated to be raised in respect of the 2016/17 financial year and the 2017/18 financial year, and which is subject to the provisions of the annual Division of Revenue Acts for those financial years, is set out in Column B of Schedule 1.