Division of Revenue Act, 2021 (Act No. 9 of 2021)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 2021/22 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 2022/23 financial year and the 2023/24 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 6 July 2021, 7 December 2021 and 15 March 2022, in the amounts determined in terms of section 22(2). |