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Political
Parties Finance Act
Cap
2:11 Act No 4/2001
February 04, 2002
Contents
PART
IV
General
8.
Regulations
9. Repeal and savings
10. Transitional
provision
8 Regulations
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(1) The
Minister may by regulations prescribe all matters which by this Act are
required or permitted to be prescribed, or which, in his opinion, are
necessary or convenient to be prescribed for carrying out or giving effect
to this Act.
[Subsection
(1) amended by s. 4(e) of the General Laws Amendment Act 2002, by the
deletion of the word "the" from "prescribed for the carrying
out", with effect from 4th February 2002.]
(2) Regulations
made in terms of subsection (1) may provide for—
(a) prescribing
the form of the application referred to in section 4;
(b) the
form and manner in which records of donations shall be kept by political
parties;
(c) the
keeping by political parties of proper books of accounts, the audit
of the accounts of political parties, and the form, content and publication
of statements of accounts by political parties.
(3) Regulations
made under this section may prescribe penalties for any contravention
of them not exceeding a fine of $20,000.
9 Repeal and savings TOP
(1) The
Political Parties (Finance) Act [Chapter 2:04] is repealed.
(2) Notwithstanding
subsection (1), anything done or commenced under the Political Parties
(Finance) Act [Chapter 2:04] and which, immediately before
the date of commencement of this Act, had or was capable of acquiring
legal effect shall be deemed, on or after that date, to have been done
or commenced under the appropriate provision of this Act and shall continue
to have or to be capable of acquiring, as the case may be, the same legal
effect.
(3) Any
regulations or notices which, immediately before the date of commencement
of this Act were in force under the Political Parties (Finance) Act [Chapter 2:04]
shall remain in force as if they were made by the appropriate authority
under this Act.
10 Transitional provision TOP
The
appropriation in terms of section 6 of the Political Parties (Finance)
Act [Chapter 2:04] of the sum of—
(a) 65
million dollars for the year 2000, shall be deemed to have been an appropriation
for the year ending on the 25th June, 2000.
(b) 100
million dollars for the year 2001, shall be deemed to have been an appropriation
for the year beginning on the 26th June, 2000.
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