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Finance Standing Committee
Financial Intelligence Centre Act schedule amendments: NT response to public submissions
24 Aug 2022
Video (Part 1)
Video (Part 2)
Draft Amendments to Schedules 1, 2 and 3 Financial Intelligence Centre Act
Financial Intelligence Centre Act 2001 (Act No 38 of 2001)
National Treasury and the Financial Intelligence Centre (FIC) briefed the Committee in a virtual meeting on the Joint Conduct Standards of the ...
Finance Standing Committee
2022 Draft Rates, Revenue & Tax Bills: National Treasury & SARS briefing
23 Aug 2022
Video (Part 1)
Video (Part 2)
National Treasury and the South African Revenue Service (SARS) briefed the Standing Committee in a virtual meeting on the draft Tax Administration Laws Amendment Bill (TALAB) and the draft Taxation Laws Amendment Bill (TLAB). The presentation discussed the 2022 draft rates and monetary amounts ...
Finance Standing Committee
Phala Phala Matter, South African Reserve Bank & Prudential Authority 2021/22 Annual Reports
17 Aug 2022
The Standing Committee on Finance were briefed by the South African Reserve Bank (SARB) and the Prudential Authority (PA) on their annual reports for 2021/22.
Before the SARB and PA presentation could begin, an EFF Member insisted the SARB and PA should account to the Committee and answer the ...
Finance Standing Committee
Financial Intelligence Centre Act schedule amendments: public hearings
16 Aug 2022
Draft Amendments to Schedules 1, 2 and 3 Financial Intelligence Centre Act
Financial Intelligence Centre Act 2001 (Act No 38 of 2001)
In a virtual meeting, the Standing Committee on Finance and the Select Committee on Finance held a public hearing on the draft Amendment of Schedules 1, 2 ...
Finance Standing Committee
National Treasury and FIC on Amendments to Schedule 1, 2 & 3 of the Financial Intelligence Centre Act
15 Jun 2022
Financial Intelligence Centre Act, 2001
The Standing Committee on Finance and Select Committee on Finance convened jointly on a virtual platform to be briefed by National Treasury and the Financial Intelligence Centre on amendments to schedule one, two and three of the Financial Intelligence Centre Act, 2001 (Act 38 ...
Finance Standing Committee
Public Finance Management Amendment Bills: Motions of Desirability
15 Jun 2022
The Committee met to consider motions of desirability on two Private Members’ Bills to amend the Public Finance Management Act. The majority of Members rejected the motions.
DA Members sponsoring the Public Finance Management Amendment Bills argued that the Committee should agree to the proposed amendments rather than accept ...
Finance Standing Committee
Public Finance Management Amendment Bills: response to submissions
14 Jun 2022
The virtual meeting dealt with the responses to National Treasury submission on the two Private Members Bills amending the Public Finance Management Act.
• The Public Finance Management Amendment Bill [B41-2018] drafted by MP Lees aims to amend the Public Finance Management Act to provide for parliamentary oversight when ...
Finance Standing Committee
GEPF & GPAA 2020/21 Annual Reports
8 Jun 2022
Government Employees Pension Fund (GEPF)
The Finance Standing Committee met with the Government Employees Pension Fund (GEPF), the Government Pension Administration Agency (GPAA), National Treasury (NT) and stakeholders in a virtual meeting to deliberate on the 2020/21 Annual Reports of the two entities.
The GEPF reported it had achieved significant ...
Finance Standing Committee
Tax administration challenges: Tax Ombudsman, SARS & NT briefing
7 Jun 2022
The Standing Committee on Finance and the Select Committee on Finance were briefed in a virtual meeting by the Tax Ombudsman, the South African Revenue Service (SARS) and National Treasury (NT) on tax administration challenges.
The Tax Ombud, Judge Bernard Ngoepe, said that the Office of the Tax Ombud (OTO) ...
Finance Standing Committee
Public Finance Management Amendment Bills: public hearings
7 Jun 2022
The Committee held public hearings on two Private Members’ Bills (Public Finance Management Amendment Bill [B41-2018] and [B13-2020]) seeking to amend the Public Finance Management Act.
Only one oral submission from Lebut Solutions JW was made. The company’s submission proposed additional clauses to both Bills and did not speak ...