Division of Revenue Act, 2013 (Act No. 2 of 2013)Chapter 4 : Matters Relating to All Allocations27. Transfers before commencement of Division of Revenue Acts for 2013 and 2014 |
| 1) | If an amount of an allocation is transferred in terms of section 27 of the Division of Revenue Act, 2012, before this Act takes effect, the amount is, with the changes required by the context, subject to the applicable framework for the 2012/13 financial year and the other requirements of the Division of Revenue Act, 2012, as if it is an amount of an allocation for the 2012/13 financial year. |
| 2) | Despite sections 3(2), 7(2) and 8(2), if the annual Division of Revenue Act for the next financial year has not commenced before or on 1 April 2014, the National Treasury may determine that an amount not exceeding 45 per cent of the total amount of each allocation made in terms of section 3(1), 7(1) or 8(1) be transferred to the relevant province or municipality as a direct charge against the National Revenue Fund. |
| 3) | If an amount of an allocation, made in terms of section 7(1) or 8(1), is transferred in terms of subsection (2), the amount is, with the changes required by the context, subject to the applicable framework for the 2013/14 financial year and the other requirements of this Act as if it is an amount of an allocation for the 2013/14 financial year. |