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South Africa
NATIONAL LEGISLATION OVERVIEWS
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Finance Act, No. 102 of 1969

Long title


To provide for the disposal of certain surplus State revenues; for the transfer of a certain amount from the Revenue Account to the Loan Account; for the transfer of certain State property to the Council for Scientific and Industrial Research; for the granting of exemption from the liability to pay certain fees of office to an authority or person referred to in section 4 of the Stamp Duties Act, 1968; to grant to the Minister of Finance the power to enter into a  certain commitment towards the International Development Association; for the receipt and utilization by the Treasury of special drawing rights allocated to the Government of the Republic by the International Monetary Fund, and to determine the duties and functions of the South African Reserve Bank in respect of such rights transferred to it by the Treasury; to amend the provisions of the Exchequer and Audit Act, 1956, so as to provide for the payment of an increased salary to the Controller and Auditor-General; to amend the provisions of the Post Office Act, 1958, so as to provide for the payment into the Consolidated Revenue Fund of certain amounts standing to the credit of certain depositors; to amend the provisions of the General Loans Act, 1961, so as to enable the State President to borrow certain sums during the period a Part Appropriation Act is in operation; to amend the provisions of the State Tender Board and State Procurement Board Act, 1968, so as to require the approval of the Postal Administration in respect of certain exemptions, condonations, settlements or amendments; to amend the provisions of the South-West Africa Affairs Act, 1969, in respect of the amounts which shall be paid into the Consolidated Revenue Fund to the credit of the South-West Africa Account, and in respect of the amounts which shall be paid into the Revenue Fund of the territory of South-West Africa; to provide for the defrayment of the revenue deficit in the Railway and Harbour Fund; and to provide for incidental matters.

Table of contents

SECTION TITLE
PART I. MATTERS AFFECTING THE CONSOLIDATED REVENUE FUND.
1. Disposal of certain surplus State revenues.
2. Transfer of certain amount from the Revenue Account to the Loan Account.
3. Transfer of certain State property to the Council for Scientific and Industrial Research
4. Exemption from the payment of fees of office
5. Authority to enter into a  commitment  to pay the Republic's contributions to the International Development Association
6. Provisions applicable to allocations of special drawing rights to the Republic and transactions in such drawing rights
7. Special drawing rights held by the South African Reserve Bank
8. Substitution of section 4 of Act 23 of 1956...
9. Substitution of section 69 of Act 44 of 1958...
10. Substitution of section 2 of Act 16 of 1961
11. Amendment of section 4 of Act 86 of 1968
12. Amendment of section 22 of Act 25 of 1969
PART II. MATTERS AFFECTING THE RAILWAY AND HARBOUR FUND.
13. Defrayment of revenue deficit of Railway and Harbour Fund
14. Short title
.
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