Division of Revenue Act, 2012 (Act No. 5 of 2012)

Chapter 3 : Conditional Allocations to Provinces and Municipalities

Part 3 : Matters relating to Schedule 4 to 8 allocations

15. Publication of allocations and frameworks

Purchase cart Previous page Return to chapter overview Next page

 

 

1)The National Treasury must, within 14 days of this Act taking effect, publish in the Gazette-
a)the allocations per municipality, in respect of Schedule 4 and 6 allocations;
b)the indicative allocations per province and municipality, in respect of Schedule 7 allocations; and
c)the framework for each allocation in Schedules 4 to 8.

 

2)The National Treasury must publish in the Gazette-
a)any revisions of or amendments to the allocations and frameworks published in terms of subsection (1)(a) and (c);
b)any virement which is made in accordance with the requirements of section 6(3) and the Public Finance Management Act;
c)any revisions of or amendments to the allocations and frameworks published in terms of subsection ( 1) necessary to give effect to the conversion of an allocation in terms of section 20; and
d)any revised allocations in respect of Schedule 7 allocations.

 

3)The National Treasury may, at any time-
a)after consultation with or at the written request of a transferring national officer; and
b)after submitting a revised framework to Parliament for parliamentary comment for a period of 14 days when Parliament is in session,

revise or amend a framework published in terms of subsection (1)(c) or (2)(a), to correct any error or omission.

 

4)An amendment, revision, virement or re-allocation takes effect on publication thereof in the Gazette, with the exception of a Schedule 8 allocation.