| (b) | No transfers may be made until the National Treasury has approved the amended payment schedule. |
| (a) | better management of debt and cash-flow; or |
| (b) | addressing financial mismanagement, financial misconduct or slow or accelerated expenditure, |
the National Treasury may amend any payment schedule for an allocation listed in Schedule 2, 4 or 5, after notifying, in the case of—
| (i) | an allocation to a province, its provincial treasury; |
| (ii) | an allocation to a municipality, the national department responsible for local government; and |
| (iii) | a Schedule 4 or 5 allocation, the relevant transferring officer. |
| (3) | The amendment of a payment schedule in terms of subsection (1) or (2) must take into account— |
| (a) | the monthly expenditure commitments of provinces or municipalities; |
| (b) | the revenue at the disposal of provinces or municipalities; and |
| (c) | the minimisation of risk and debt servicing costs for all three spheres of government. |
| (4) | The transferring officer must immediately inform the receiving officer of any amendment to a payment schedule in terms of subsection (1) or (2). |
