Division of Revenue Act, 2023 (Act No. 5 of 2023)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 2023/24 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 2024/25 financial year and the 2025/26 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, unless otherwise determined by the National Treasury, transfer a municipality’s equitable share referred to in subsection (1) to the primary bank account of the municipality in three transfers on 5 July 2023, 6 December 2023 and 13 March 2024, in the amounts determined in terms of section 22(2). |