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Public Finance Management Act, 1999 (Act No. 1 of 1999)

Chapter 2 : National Treasury and National Revenue Fund

Part 2: National Revenue Fund

13. Deposits into National Revenue Fund

 

(1) All money received by the national government must be paid into the National Revenue Fund, except money received by—
(a) [Section 13(1)(a) repealed by the Financial Management of Parliament Act No. 10 of 2009];
(c) the South African Reserve Bank;
(d) the Auditor-General;
(e) the national government from donor agencies which in terms of legislation or the agreement with the donor, must be paid to the Reconstruction and Development Programme Fund;
(i) operating a trading entity, if the money is received in the ordinary course of operating the trading entity;
(ii) in trust for a specific person or category of persons or for a specific purpose;
(iii) from another department to render an agency service for that department;
(iv) if the money is of a kind described in Schedule 4; or
(i) in trust for a specific person or category of persons or for a specific purpose; or
(ii) if the money is of a kind described in Schedule 4.

 

(2) The exclusion in subsection (1)(b) does not apply to a national public entity which is not listed in Schedule 2 or 3 but which in terms of section 47 is required to be listed.

 

(3) Draft legislation that excludes money from payment into the National Revenue Fund may be introduced in Parliament only after the Minister has been consulted on the reasonableness of the exclusion and has consented to the exclusion.

 

(4) Any legislation inconsistent with subsection (1) is of no force and effect to the extent of the inconsistency.

 

(5) Money received by a national public entity listed in Schedule 2 or 3, the South African Reserve Bank or the Auditor-General must be paid into a bank account opened by the institution concerned.