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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   TOP

(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
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(1) The Political Parties (Finance) Act [Chapter 2:04] is repealed.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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