Public Finance Management Act, 1999 (Act No. 1 of 1999)RegulationsTreasury Regulations for Departments, Constitutional Institutions and Public EntitiesPart 4 : Revenue and expenditure management7. Revenue Management |
| 7.1 | Application |
| 7.1.1 | This regulation applies to the identification, collection, recording and safeguarding of all revenue for which an institution is responsible. |
| 7.2 | Responsibility for revenue management |
| 7.2.1 | The accounting officer of an institution must manage revenue efficiently and effectively by developing and implementing appropriate processes that provide for the identification, collection, recording, reconciliation and safeguarding of information about revenue. |
| 7.3 | Services rendered by the state |
| 7.3.1 | The accounting officer of an institution must review, at least annually when finalising the budget, all fees, charges or the rates, scales or tariffs of fees and charges that are not or cannot be fixed by any law and that relate to revenue accruing to a revenue fund. The accounting officer must obtain approval from the relevant treasury for the proposed tariff structure. |
| 7.3.2 | Information on the tariff structure must be disclosed in the annual report, including information on exemptions, discounts, free services and any other aspect of material influence on the revenue yield. |