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Finance Standing Committee
Financial Intelligence Centre Amendment Bill [B33-2015]: deliberations
20 Apr 2016
Document: Financial Intelligence Centre Amendment Bill 2016 as Amended by standing Committee on Finance (awaited)
National Treasury provided a wrap-up on the Financial Intelligence Centre Amendment Bill, stating that financial crime remains on the global and local agenda with international standards on combating financial crime evolving and the SA regulatory ...
Finance Standing Committee
Rates & Monetary Amounts and Amendment of Revenue Laws Draft Bill: National Treasury briefing
19 Apr 2016
The Standing Committee on Finance met with representatives of the National Treasury and the South African Revenue Service (SARS) to be briefed on the draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill.
National Treasury introduced the briefing by stating that the budget was being followed by four ...
Finance Standing Committee
Government Employees Pension Fund & Public Investment Corporation on their 2016 Annual Performance Plan & Quarterly Reports
12 Apr 2016
Documents handed out:
Public Investment Corporation 2016 Annual Performance plan
Government Employees Pension Fund 2016 Annual Perfomance Plan [Documents not available email info@pmg.org.za]
The Government Employees Pension Fund (GEPF) and the Public Investment Corporation (PIC) presented their 2016 annual performance plans and quarterly reports to the Standing Committee on Finance. ...
Finance Standing Committee
National Treasury on its 2016 Strategic and Annual Performance plan, with Minister
6 Apr 2016
The Department of Finance reported on the National Treasury’s strategic and annual performance plan. The Minister of Finance told the Committee that international institutions were no longer interested in plans, but rather in concrete milestones that were a demonstration of the intention to implement them. The Department sought to achieve ...
Finance Standing Committee
Financial Intelligence Centre Amendment Bill [B33-2015]: deliberations
15 Mar 2016
The Chairperson indicated that the Committee would like the Bill completed as soon as possible, and for this reason it had been decided that the Committee's meetings with the Public Investment Corporation and Government Employees Pension Fund should be rescheduled. The DA objected to this
The Committee was taken through ...
Finance Standing Committee
Revenue Laws Amendment Bill [B4-2016]: Clause 1 amended and revised Bill adopted
10 Mar 2016
The Committee met to discuss the amendments made to the Revenue Laws Amendment Bill [B4 – 2016]. This Bill was introduced by the Minister of Finance on 24 February 2016, as a Money Bill as contemplated in section 77 of the Constitution. The purpose of the Bill is to postpone ...
Finance Standing Committee
Financial Intelligence Centre Amendment Bill [B33-2015]: public hearings (NUMSA)
9 Mar 2016
Public hearings on the Revenue Laws Amendment Bill continued, with the National Union of Metalworkers of SA (NUMSA) making its submission.
NUMSA emphasised that the Bill must be seen as part of a broader discussion around comprehensive social security and retirement reform. NUMSA stated it remained opposed to compulsory annuitisation, ...
Finance Standing Committee
Revenue Laws Amendment Bill [B4-2016]: NUMSA, COSATU, ASISA concerns
8 Mar 2016
The meeting was held to deal with the recent Revenue Laws Amendment Bill and the two-year delay on compulsory annuitisation of provident funds. The Chairperson noted that this is particularly important to unions and a sensitive matter with regard to savings and taxation. The major disagreements in the meeting were ...
Finance Standing Committee
Finance Committee Report on 2016 Budget
8 Mar 2016
The joint committee meeting with the Standing Committee and Select Committee on Finance was held to discuss their considerations of the 2016 Budget Committee Report. Among some of the points raised were:
• The need for National Treasury to provide the relevant information, assuming it was not market sensitive, to ...
Finance Standing Committee
2016 Budget: National Treasury responses & further clarification
4 Mar 2016
The National Treasurer gave responses questions raised at public hearings, and provided further clarifications on the budget. He noted that the Office of the National Treasury had received enormous inputs and comments in the aftermath of the 2016 budget speech. Questions were responded to without making reference to them, because ...