Finance Act 19 of 2015

Link to law: http://www.gov.za/documents/finance-act-19-2015-15-dec-2015-0000
Published: 2015-12-15

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Finance Act 19 of 2015
Please note that most Acts are published in English and another South African official language. Currently we only have capacity to publish the English versions.
This means that this document will only contain even numbered pages as the other language is printed on uneven numbered pages.


Government Gazette

REPUBLIC OF SOUTH AFRICA
Vol. 606 Cape Town 15 December 2015 No. 39512
THE PRESIDENCY
No. 1234 15 December 2015
It is hereby notified that the President has assented to the following Act, which is hereby published for general information:–
Act No. 19 of 2015: Finance Act, 2015


2 No. 39512 GOVERNMENT GAZETTE, 15 December 2015 Act No. 19 of 2015 Finance Act, 2015
ACT To approve unauthorised expenditure; and to provide for matters connected therewith.
BE IT ENACTED by the Parliament of the Republic of South Africa, asfollows:— Interpretation
1. In this Act, unless the context indicates otherwise, a word or expression to which a meaning has been assigned in the Public Finance Management Act, 1999 (Act No. 1 of 1999), has the meaning assigned to it in that Act.
Approval of unauthorised expenditure
2. (1) The unauthorised expenditure referred to in Schedule 1 to thisAct in the amount of R46 667 900.42, and described in the reports of the Committee on PublicAccounts of the NationalAssembly identified in the second column of that Schedule, is authorised as a direct charge against the National Revenue Fund in terms of section 34(1)(a) of the Public Finance Management Act, 1999 (Act No. 1 of 1999). (2) The unauthorised expenditure referred to in Schedule 2 to this Act in the amount
of R63 547 218.15, and described in the reports of the Committee on PublicAccounts of the National Assembly identified in the second column of that Schedule, is authorised and previously surrendered funds are reallocated to the votes in terms of section 34(1)(b) of the Public Finance Management Act, 1999.
Recovery of unauthorised expenditure
3. This Act does not detract from or limit any power or duty to take appropriate steps to recover unauthorised expenditure from a responsible official or former official.
Short title
4. This Act is called the Finance Act, 2015.
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(English text signed by the President) (Assented to 13 December 2015)
4 No. 39512 GOVERNMENT GAZETTE, 15 December 2015 Act No. 19 of 2015 Finance Act, 2015
SCHEDULE 1: Unauthorised expenditure referred to in section 34(1)(a) of the Public Finance Management Act, 1999: An additional amount is appropriated as a direct charge against the National Revenue Fund to cover the overspending of the vote appropriation
Amount Unauthorised Committee on Public Financial Year Vote Title
Accounts Report
(R) Reference
Column 1 Column 2 Column 3 Column 4
COPA 2015
14,510,746.35 1st report 2008/09 The Presidency
28,428,306.73 1st report 2010/11 The Presidency
3,728,847.34 4th report 2010/11 Women
46,667,900.42
SCHEDULE 2: Unauthorised expenditure referred to in section 34(1)(b) of the Public Finance Management Act, 1999: Funds surrendered by the vote in respect of the listed unauthorised expenditure will be refunded, as a direct charge against the National Revenue Fund in favour of the vote
Amount Unauthorised Committee on Public Financial Year Vote Title
Accounts Report
(R) Reference
Column 1 Column 2 Column 3 Column 4
COPA 2015
26,167,712.61 2nd report 2007/08 Social Development
37,379,505.54 3rd report 2004/05 Trade and Industry
63,547,218.15
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