Parliament, Tuesday 13 November 2018 – The National Assembly, at its plenary sitting today, agreed to the Division of Revenue Amendment Bill and to the Electronic Deeds Registration Systems Bill.
These Bills will now be sent to the National Council of Provinces for concurrence.
The Division of Revenue Amendment Bill adjusts the equitable share among the three spheres of government, changes the specific purpose allocations to provinces and changes allocations-in-kind to provinces and municipalities for designated special programmes. The Bill is made necessary because of the proposed national adjustment budget for the 2018/2019 financial year. This affects the division of revenue between the national, provincial and local spheres of government.
The Select Committee on Appropriations in the National Council of Provinces has already scheduled its consideration of Negotiating Mandates on the Division of Revenue Amendment Bill for Friday.
Minister of Finance Mr Tito Mboweni tabled the Bill on 24 October, when he delivered the Medium Term Budget Policy Statement in the National Assembly.
The Electronic Deeds Registration Systems Bill aims to facilitate development of an electronic deeds registration system to effect speedy registration of large volumes of deeds, as called for by government’s land reform initiatives.
It is also intended to improve turn-around times for providing registered deeds and documents, enable countrywide access to deeds registration services, enhance accuracy of examination and registration, make information accessible to the public and contain security features related to confidentiality, non-repudiation, integrity and availability.
ISSUED BY THE PARLIAMENT OF THE REPUBLIC OF SOUTH AFRICA
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