Division of Revenue Amendment Act, 2024

The text provided is not a court judgment but a Government Gazette publishing national legislation. It records that the President assented on 20 December 2024 to the Division of Revenue Amendment Act, 2024, published on 24 December 2024. The Act amends the Division of Revenue Act, 2024 (Act No. 24 of 2024), as required by section 12(4) of the Money Bills and Related Matters Act, 2009, following adjustments to the fiscal framework and the division of revenue for the 2024/25 financial year. The Act substitutes Column A of Schedule 1, Part A of Schedule 4, Parts A and B of Schedule 5, and Parts A and B of Schedule 6 of the principal Act. These schedules set out the equitable division of nationally raised revenue among the national, provincial and local spheres of government, and adjust conditional allocations, specific-purpose allocations, and allocations-in-kind to provinces and municipalities for the 2024/25 financial year.

• No judicial legal issues arise from the text because it is legislation, not a judgment.
• The legislative basis reflected in the Act is whether Parliament may amend the annual division of revenue in accordance with section 214(1) of the Constitution and section 12(4) of the Money Bills and Related Matters Act, 2009.
• How nationally raised revenue and conditional or specific-purpose allocations are to be revised for the 2024/25 financial year across the three spheres of government.

The President assented to the Division of Revenue Amendment Act, 2024, and the Act came into published legal effect as national legislation. The Act substitutes the relevant schedules in the Division of Revenue Act, 2024 to reflect amended allocations for the 2024/25 financial year. There is no court order.

Not available. There is no ratio decidendi because the text is not a court judgment and contains no binding judicial principle. The closest equivalent is the legislative proposition that amendments to the annual division of revenue must be enacted by Parliament in accordance with section 214(1) of the Constitution and section 12(4) of the Money Bills and Related Matters Act, 2009 when the adjustments budget changes the relevant allocations.

Not available. There is no obiter dicta because the text is not a judgment and contains no judicial observations.

The instrument is significant in South African public finance because it gives effect to section 214 of the Constitution by revising the fiscal allocation framework for the 2024/25 year after the adjustments budget. It illustrates the statutory mechanism by which Parliament alters the equitable division of nationally raised revenue and conditional grants between national, provincial and local government. Its importance is institutional and fiscal rather than precedential, because it is legislation and not a judicial precedent.