Division of Revenue Act, 2010 (Act No. 1 of 2010)

Chapter 2 : Equitable Share Allocations

5. Equitable division of local government share among municipalities
Purchase cart Previous page Return to chapter overview Next page

 

 

1)Each municipality’s share of local government’s equitable share of revenue raised nationally in respect of the financial year, is set out in Column A of Schedule 3.

 

2)An envisaged division between municipalities of revenue anticipated to be raised nationally in respect of the next financial year and the 2012/13 financial year, and which is subject to the provisions of the annual Division of Revenue Acts in respect of those financial years, is set out in Column B of Schedule 3.

 

3)Each municipality’s equitable share contemplated in subsection (1) must be transferred to the primary bank account of the municipality in three transfers on 7 July 2010, 30 November 2010 and 25 March 2011, in accordance with a payment schedule determined by the National Treasury in terms of section 21.