Annual Division of Revenue Act definition

Annual Division of Revenue Act means the Act of Parliament, which must be enacted annually in terms of section 214 (1) of the Constitution;

Annual Division of Revenue Act means the Act of Parliament which must annually be enacted in terms of section 214(1) of the Constitution; “constitutional institution” means an institution listed in Schedule l; “department” means a national department;

Annual Division of Revenue Act. ’ means the Act of Parliament which must be enacted annually in terms of section 214 (1) of the Constitution; ‘‘approved budget’’ means an annual budget -

Examples of Annual Division of Revenue Act in a sentence

• The entity’s budget preparation shall take guide from the National Treasury’s guidelines set out in the annual Budget Circulars as well as the indicative numbers and other inputs as set out in the Annual Division of Revenue Act.

• The Financial Management Services branch assists the accounting officer in discharging the duties prescribed in chapter 5 of the PFMA and the Annual Division of Revenue Act.

• The budget is prepared in the assumption that no allocations as per 2022 Annual Division of Revenue Act will be withheld / offset / paid back to the National Revenue Fund.

• The cornerstone of the reform initiative has been implemented through the MFMA No 56 of 2003, which became effective in July 2004 and was supported by the Annual Division of Revenue Act.

• The budget is prepared in the assumption that no allocations as per 2018/19 Annual Division of Revenue Act will be withheld / offset / paid back to the National Revenue Fund, except for the last portion of the roll-over from 2017/18 that was denied (Approximately R6,5million).

• Reporting does not only end with the financial resources that are allocated as part of the equitable share, it extends to grants as well as per the Annual Division of Revenue Act, and as part of the IYM-report.

• In fact, all policies and supporting decisions taken by the municipality must be supported through a by-law to make it lawfully enforceable.Section 214 of the Constitution also provides for national government to transfer resources to municipalities in terms of the Annual Division of Revenue Act (DoRA) to assist them in exercising their powers and performing their functions (Constitution of South Africa, 1996).

• Annual Division of Revenue Act (DORA)The DORA makes provision for the equitable division of revenue raised nationally among the national, provincial and local spheres of government, as well as the responsibilities of all three spheres pursuant to such division.

• Consultation is mandatory for reassignment of functions in terms of section 27 of the Annual Division of Revenue Act (DORA) and section 6 of Intergovernmental Fiscal Relations Act,1997 (Act No.97 of 1997).Cabinet should have been informed of the desire to shift a function and should have approved the shift in principle before the planning commences.

• The budget is prepared in the assumption that no allocations as per 2018 Annual Division of Revenue Act will be withheld / offset / paid back to the National Revenue Fund.

More Definitions of Annual Division of Revenue Act

Annual Division of Revenue Act means the Act of Parliament which must be enacted annually in

Annual Division of Revenue Act means the Act of Parliament which

Annual Division of Revenue Act meansthe Actof Parliament, whichmust be enacted annually in terms of section 214 (1) of the Constitution; "Approved budget,” means an Annual Budget-