Public Finance Management Act, 1999 (Act No. 1 of 1999)RegulationsTreasury Regulations for Departments, Constitutional Institutions and Public EntitiesPart 8 : Miscellaneous22. Payments and remissions as an act of grace |
| 22.1 | General [Section 76(1)(j) of the PFMA] |
| 22.1.1 | Where no legislative authority exists, the accounting officer may approve as an act of grace or favour— |
| (a) | the remission of money due to a revenue fund; and |
| (b) | payments from a vote. |
| 22.1.2 | Where such payments from a vote exceed R100 000, Parliament or provincial legislature approval must be sought by including the item separately in the appropriation bill. |
| 22.1.3 | Where there is doubt as to whether an amount may be written off in terms of clause 11.4 of these Regulations, or should be treated as a remission as an act of grace, the relevant treasury must make the decision. |
| 22.1.4 | All remissions or payments made as an act of grace during the financial year must be disclosed as a note to the annual financial statements of the institution. |