Division of Revenue Act 7 of 2003

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7 of 2003

The Division of Revenue Act 7 of 2003 intends:

  • to provide for the equitable division of revenue anticipated to be raised nationally among the national, provincial and local spheres of government for the 2003/2004 financial year and the reporting requirements for allocations pursuant to such division;
  • to permit the withholding and the delaying of payments in certain circumstances;
  • to provide for liability for costs incurred in litigation in violation of the principles of co-operative governance and intergovernmental relations;
  • to regulate the adoption of local government budgets; and
  • to provide for matters connected therewith.

Commencement

17 April 2003 (Gazette 24772 of 17 April 2003)

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