Financial Management of Parliament Amendment Act 34 of 2014

The Financial Management of Parliament Amendment Act 34 of 2014 aims:

• to amend the Financial Management of Parliament Act, 2009 so as:
  • to insert further definitions;
  • to deal with the financial management of provincial legislatures; 
  • to amend the provisions dealing with the oversight mechanism;
  • to amend provisions dealing with Parliament’s annual budget, appropriations and approvals;
  •  to amend the provisions dealing with donor funds;
  • to delete certain provisions dealing with Parliament’s own revenue sources;
  • to align the provisions dealing with reporting and auditing with the Public Finance Management Act, 1999;
  • to repeal certain sections of the Powers and Privileges Act, 1963;
  • to delete certain references to ‘‘provincial legislatures’’ in the Public Finance Management Act, 1999;
  • to include references to performance management;
  • to amend the long title; and
• to provide for matters connected therewith.

Commencement

1 April 2015 (Government Gazette 38564, 17 March  2015)