Division of Revenue Act, 2020 (Act No. 4 of 2020)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 2020/21 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 2021/22 financial year and the 2022/23 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 transfer a municipality’s equitable share referred to in subsection (1) to the primary bank account of the municipality in three transfers on 7 July 2020, 8 December 2020 and 16 March 2021, in the amounts determined in terms of section 23(2). |