Division of Revenue Act, 2016 (Act No. 3 of 2016)Chapter 2 : Equitable Share Allocations5. Equitable division of local government share among municipalities |
| (1) | Each municipality’s equitable share of local government’s share of revenue raised nationally in respect of the 2016/17 financial year is set out in Column A of Schedule 3. |
| (2) | The envisaged equitable share for each municipality of revenue anticipated to be raised nationally in respect of the 2017/18 financial year and the 2018/19 financial year, and which is subject to the Division of Revenue Acts for those financial years, is set out in Column B of Schedule 3. |
| (3) | The national department responsible for local government must, subject to section 38(3), transfer a municipality’s equitable share referred to in subsection (1) to the primary bank account of the municipality in three transfers on 4 July 2016, 1 December 2016 and 17 March 2017, in the amounts determined in terms of section 23(2). |