Finance Act | Act 7 of 2016 — South Africa law | Esheria

Finance Act

Words or expressions given a meaning in section 1 of the Public Finance Management Act, 1999 must bear that assigned meaning unless context indicates otherwise.

Jurisdiction
South Africa
Instrument
Act or statute
Citation
Act 7 of 2016
Version
Undated source snapshot
Language
en
Updated
Official source
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act title appropriations budget compliance government expenditure statutory definitions unauthorised expenditure

Statute overview

About this statute

Words or expressions given a meaning in section 1 of the Public Finance Management Act, 1999 must bear that assigned meaning unless context indicates otherwise. This section says the Act does not limit any power or duty to take steps to recover unauthorised expenditure from a responsible official or former official. This section states that the Act is called the Finance Act, 2016. This section says words already defined in section 1 of the Public Finance Management Act, 1999 keep that meaning unless the context shows otherwise, and it approves two listed unauthorized expenditure items. This provision says the section does not reduce or limit any power or step taken to recover damage owed from a responsible officer or former officer.

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