ATC080813: Report on Draft Money Bill Amendment Procedure and Related Matters Bill

Finance Standing Committee

Progress Report of the Portfolio Committee on Finance on the Draft Money Bill Amendment Procedure and Related Matters Bill, dated 13 August 2008.

The Portfolio Committee on Finance, having been instructed by the National Assembly to consider a procedure to amend money bills before Parliament with a view to introducing a bill dealing with the matter (see Minutes of Proceedings of the National Assembly, dated 25 June 2008), reports as follows:

On 25 June 2008 a resolution was passed by the Assembly mandating the Portfolio Committee to consider a procedure to amend money bills before Parliament with a view to introducing a bill dealing with the matter. The resolution requires the Committee to report by 15 August 2008.

The Committee subsequently gave prior notice of introduction of the draft legislation in Government Gazette No 312348, dated 10 July 2008. The Gazette also contained an invitation for interested persons and institutions to submit written submissions on the draft legislation. The Committee held public hearings on the submissions received. 

The Committee is currently in the process of deliberating on the bill and is of the view that it would not be in a position to finalise its deliberations by 15 August 2008.  The Committee accordingly requests that the deadline given to it to report on the draft legislation be extended to 29 August 2008.
 

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