Division of Revenue Act, 2025 (Act 02 of 2025)Chapter 4 : Matters relating to all Allocations27. Transfers before commencement of Division of Revenue Act for 2026/27 financial year |
| (1) | Despite the Division of Revenue Act for the 2026/27 financial year not having commenced on 1 April 2026, the National Treasury, subject to subsection (2), may determine an amount of— |
| (a) | equitable share in terms of section 4(1), that may be transferred to the relevant province; |
| (b) | equitable share in terms of section 5(1), that may be transferred to the relevant municipality; |
| (c) | allocation made in terms of section 7(1) or 8(1), as the case may be, that may be transferred to the relevant province or municipality. |
| (2) | An amount transferred in terms of subsection (1) may not— |
| (a) | during the first four months of that financial year, exceed 45 per cent of the total amount allocated in the 2025/26 financial year; |
| (b) | during each of the following months, exceed 10 per cent of the total amount appropriated in the 2025/26 financial year; and |
| (c) | in aggregate, exceed the total amount allocated in the 2025/26 financial year. |
| (3) | An amount transferred in terms of subsection (1)(c) is, with the necessary changes, subject to the applicable framework for the 2025/26 financial year and the other requirements of this Act, as if it is an amount of an allocation for the 2025/26 financial year. |