Division of Revenue Amendment Bill available for comment

The Portfolio Committee on Finance of the KwaZulu-Natal Legislature hereby informs all stakeholders and interested parties of the publication of the Division of Revenue Amendment Bill, 2021 for comment. 

The Division of Revenue Act , 2021 seeks to amend the Division of Revenue Act, 2021, in accordance with the Money Bills and Related Matters Act, 2009; and to provide for matters connected therewith.  

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 the Division of Revenue Act, 2021 (Act No. 9 of 2021), gives effect to section 214(1) of the Constitution in respect of the 2021/22 financial year;

AND WHEREAS section 12(4) of the Money Bills and Related Matters Act, 2009 (Act No. 9 of 2009), requires the Minister of Finance to table a Division of Revenue Amendment Bill with a revised fiscal framework if the adjustments budget effects changes to the Division of Revenue Act for the relevant year.  

The Bill is available on the KwaZulu-Natal Legislature website www.kznlegislature.gov.za and the Treasury website www.treasury.gov.za.    

All interested parties are hereby invited to submit comments on the Division of Revenue Amendment Bill, 2021 to the Portfolio Committee on Finance using one of the methods listed below.  

Written submissions must be submitted no later than 3 December 2021 and addressed to:

• Mr. Siphamandla Chili KwaZulu-Natal Legislature P/Bag x 9112 PIETERMARITZBURG 3200
• or emailed to: Chili@kznleg.gov.za or fax2email: 086 571 3258
• or hand delivered to KwaZulu-Natal Legislature Albertina Sisulu Administration Building, 244 Langalibalele Street, Pietermaritzburg, 3200 for the attention of Siphamandla Chili.  

For enquiries please contact Mr. Siphamandla Chili: Tel: 063 251 8538