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

Chapter 2 : Equitable Share Allocations

3. Equitable division of revenue raised nationally among spheres of government
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1)Revenue raised nationally in respect of the financial year must be divided among the national, provincial and local spheres of government for their equitable share allocations as set out in Column A of Schedule 1.

 

2)An envisaged division of revenue anticipated to be raised in respect of the next financial year and the 2014/15 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.