Act No. 16 of 2019

Act No. 16 of 2019 » Division of Revenue Act, 2019

Title	Act No. 16 of 2019 » Division of Revenue Act, 2019
Department	Parliament of the Republic of SA
Gazette	National Gazettes, No. 42439 of 02 May, 2019, 115 page(s), 1.1Mb
Act	Act No. 16 of 2019

2    No. 42439                  GOVERNMENT GAZETTE, 2 MAY 2019

Act No. 16 of 2019                                                                Division of Revenue Act, 2019

(English text signed by the President)
                                                   (Assented to 29 April 2019

ACT

To provide for the equitable division of revenue raised nationally among the
                         national, provincial and local spheres of government for the 2019/20 ?nancial year,
                         the determination of each province's equitable share and allocations to provinces,
                         local government and municipalities from national government's equitable share
                         and the responsibilities of all three spheres pursuant to such division and
                         allocations; and to provide for matters connected therewith.

PREAMBLE
                         WHEREAS section 214(1) of the Constitution of the Republic of South Africa, 1996,
                         requires an Act of Parliament to provide for-
                             (a) the equitable division of revenue raised nationally among the national,
                                 provincial and local spheres of government;
                             (b) the determination of each province's equitable share of the provincial share of
                                 that revenue; and
                             (c) any other allocations to provinces, local government or municipalities from
                                 the national government's share of that revenue, and any conditions on which
                                 those allocations may be made;
                         WHEREAS section 7(3) of the Money Bills and Related Matters Act, 2009 (Act No. 9
                         of 2009), requires the introduction of the Division of Revenue Bill at the same time as
                         the Appropriation Bill is introduced,

B  E IT THEREFORE ENACTED by the Parliament of the Republic of South Africa,
                              as follows:-

ARRANGEMENT OF SECTIONS

Sections
                                                      CHAPTER 1                                  5

INTERPRETATION AND OBJECTS OF ACT

1.   Interpretation
                           2.   Objects of Act

CHAPTER 2

EQUITABLE SHARE ALLOCATIONS                          10
                           3.   Equitable division of revenue raised nationally among spheres of government
                           4.   Equitable division of provincial share among provinces
                           5.   Equitable division of local government share among municipalities
                           6.   Shortfalls and excess revenue

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Act No. 16 of 2019

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