Division of Revenue Act, 2011 (Act No. 6 of 2011)Chapter 2 : Equitable Share Allocations4. Equitable division of provincial share among provinces |
| 1) | Each province’s equitable share of the provincial share of revenue raised nationally in respect of the financial year is set out in Column A of Schedule 2. |
| 2) | An envisaged division for each province of revenue anticipated to be raised nationally in respect of the next financial year and the 2013/14 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 2. |
| 3) | Each province’s equitable share allocation contemplated in subsection (1) must be transferred to the corporation for public deposits account of the province, in accordance with a payment schedule determined by the National Treasury in terms of section 21. |