Division of Revenue Act, 2013 (Act No. 2 of 2013)Chapter 2 : Equitable Share Allocations5. Equitable division of local government share among municipalities |
| 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 2015/16 financial year, and which is subject to the annual Division of Revenue Acts for those financial years, is set out in Column B of Schedule 3. |
| 3) | The National Treasury must transfer each municipality's equitable share referred to in subsection (1) to the primary bank account of the municipality in three transfers on 5 July 2013, 29 November 2013 and 21 March 2014, in accordance with the payment schedule determined in terms of section 22. |