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Finance Standing Committee
Insurance Bill [B1-2016]: public hearings
7 Feb 2017
Public hearings were held by the Committee on the Insurance Bill. Stakeholders were invited to give comment on the Bill and six different parties presented oral submissions. The South African Insurance Association (SAIA) believed that the Bill had to be processed urgently as it contributed to financial stability and governance ...
Finance Standing Committee
Financial Intelligence Centre Amendment Bill: Treasury response to submissions
1 Feb 2017
The Parliamentary Legal Advisor recapped the important points that came up during the public hearing about the President is reservations on the constitutionality of section 45B(1C) warrantless searches in the Financial Intelligence Centre Amendment Bill he had referred back to Parliament. The senior counsel legal opinions set out general principles ...
Finance Standing Committee
Financial Intelligence Centre Amendment Bill: public hearings with Deputy Minister
25 Jan 2017
Public hearings were held on section 45B(1C) of the Financial Intelligence Centre Amendment Bill [B32B-2015] due to the President’s concerns about constitutionality of warrantless searches by inspectors.
In his briefing on the referral process, the Senior Parliamentary Legal Advisor explained that the President could refer a Bill back to Parliament ...
Finance Standing Committee
FICA Amendment Bill referral: briefings; Financial Sector Regulation Bill: omission; with Deputy Minister
7 Dec 2016
Discussion on Adoption of Financial Sector Regulation Bill
The Committee discussed the reasons for the omission of three clauses of the Financial Sector Regulation Bill when it was voted on in the National Assembly on 6 December 2016 and the way forward. The Chairperson indicated that this had been a ...
Finance Standing Committee
Financial Sector Regulation Bill: deliberations and adoption
30 Nov 2016
The National Treasury presented the draft revised version of the Financial Sector Regulation (Twin Peaks) Bill to the Committee. Amendments were made to clauses 39, 49, 61, 65, 72, 86, 110, 112, 117, 266, 273, and 274. The Committee went ahead and voted on the draft version of the bill, ...
Finance Standing Committee
Employment and Learnership Tax Incentives: response to submissions; IRBA on Mandatory Audit Firm rotation & Annual Report
15 Nov 2016
National Treasury presented its responses to the submissions on the Employment and Learnership Tax Incentives following public hearings. The Learnership Tax Incentive was introduced to encourage skills development and job creation, by providing an additional tax deduction for formal, SETA-registered training programmes. The incentive was currently available ...
Finance Standing Committee
Employment and Learnership Tax Incentives: Public hearings
9 Nov 2016
The Committee held public hearings on the Employment Tax Incentive (ETI). This was a concept that was introduced for a trial period, but there was a proposal to extend it for another two years on expiry of the initial time in December 2016. Many of the submissions presented some detail ...
Finance Standing Committee
2016 Medium Term Budget Policy Statement (MTBPS) Lock-up (Closed Meeting)
26 Oct 2016
It was a closed session. PMG was not present at the meeting.
Finance Standing Committee
Rates and Monetary Amounts and Amendment of Revenue Laws Bill; Financial Sector Regulation Bill schedules: deliberations; Financial Stability Board: role and mandate; BRRR
25 Oct 2016
The Committee firstly reviewed the Budgetary Review and Recommendations Report and went through the latest changes to the draft. Recommendations and observations by the Auditor-General on the performance of National Treasury were highlighted and concerns of some Members raised already were highlighted. The Members were reminded that SA Police Services, ...
Agriculture, Land Reform and Rural Development
Agricultural Research Council & Perishable Export Control Board on their 2015/16 Annual Reports
20 Oct 2016
The Agricultural Research Council noted that it is aligned to national priorities and policies, including the National Development Plan, New Growth Path and the 2014-2019 Medium Term Strategic Framework of outcomes, as well as noted its contribution to realisation of priorities and outcomes. Six strategic goals were ...