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Finance Standing Committee
Financial Matters Amendment Bill: Matters concerning the Land Bank, with the Deputy Minister
19 Oct 2022
In a virtual meeting, National Treasury, led by the Deputy Minister, briefed the Committee on the current situation and proposals from government on the Land and Agricultural Development Bank of South Africa (Land Bank). The Chairperson of the Land Bank provided an update on its performance.
The presentation by ...
Finance Standing Committee
General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Bill: public hearings
11 Oct 2022
The Committee convened a virtual meeting to hold public hearings on the General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Bill [B18-2022] (“General Laws Bill”).
The Bill was tabled in Parliament so the country can avoid the economic ramifications of greylisting by the Financial Action Task Force. The ...
Finance Standing Committee
2022 Tax Bills: Treasury & SARS response to public submissions
21 Sep 2022
2022 Draft Taxation Laws Amendment Bill (TLAB)
2022 Draft Tax Administration Laws Amendment Bill (TALAB)
In a virtual meeting, National Treasury and the South African Revenue Service (SARS) provided a response to submissions received from businesses during public hearings on the proposed amendments to tax legislation. The ...
Finance Standing Committee
Closure of bank accounts: engagement with Gardee Godrich Attorneys, National Treasury & Regulators
7 Sep 2022
In this virtual meeting, the Portfolio Committee on Finance was briefed by Gardee Godrich Attorneys, National Treasury, the Prudential Authority, the Financial Sector Conduct Authority, and the Financial Intelligence Centre on the arbitrary and unilateral closure of bank accounts.
Gardee Godrich Attorneys reported that it represented clients in a matter ...
Finance Standing Committee
General Laws Amendment Bill (Anti-Money Laundering and Combating Terrorism Financing) Bill: NT & FIC briefing
31 Aug 2022
In this virtual meeting, National Treasury and the Financial Intelligence Centre briefed the Committee on the General Laws Amendment Bill (Anti-Money Laundering and Combating Terrorism Financing).
The Committee heard South Africa was rated poorly in the Mutual Evaluation Report published in October 2021. South Africa failed in 20 of ...
Finance Standing Committee
Financial Intelligence Centre Act schedule amendments: finalisation
30 Aug 2022
Draft Amendments to Schedules 1, 2 and 3 Financial Intelligence Centre Act
Financial Intelligence Centre Act 2001 (Act No 38 of 2001)
The Standing Committee on Finance considered the report on the amendments to Schedules 1, 2, and 3 to the Financial Intelligence Centre Act, 2001 ...
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
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 ...