The Select Committee on Finance (SCoF) was established in terms of section 4(1) of the Money Bills Amendment Procedure and Related Matters Act, No. 9 of 2009. In terms of section 4(2) of this Act, the SCoF has the powers and functions conferred to it by Constitution, legislation, the standing rules or resolution of a House, including considering and reporting on: a) the national macro-economic and fiscal policy; b) amendment to the fiscal framework, revised fiscal framework and revenue proposals and Bills; c) actual revenue published by the National Treasury; and d) any other related matter set out in this Act.