Division of Revenue Act, 2015 (Act No. 1 of 2015)Chapter 4 : Matters relating to all Allocations28. Transfers before commencement of Division of Revenue Act for 2016/17 financial year |
| (1) | Despite sections 3(2), 7(2) and 8(2), if the Division of Revenue Act for the 2016/17 financial year has not commenced before or on 1 April 2016, 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. |
| (2) | If an amount of an allocation, made in terms of section 7(1) or 8(1), is transferred in terms of subsection (1), the amount is, with the necessary changes, subject to the applicable framework for the 2015/16 financial year and the other requirements of this Act as if it is an amount of an allocation for the 2015/16 financial year. |