Political Party Funding Act, 2018 (Act No. 6 of 2018)Chapter 2 : Funds4. Investment of money in Funds |
| (1) | Any money in the Funds that is not required immediately for making an allocation to represented political parties or independent representatives in terms of section 6 may be invested with— |
| (a) | the Public Investment Corporation in terms of the Public Investment Corporation Act, 2004 (Act No. 23 of 2004); or |
| (b) | any bank registered as a bank in terms of the Banks Act. |
| (2) | The Commission may, with the approval of the Minister of Finance, carry forward any money standing to the credit of the Political Representatives Fund at the end of the financial year to the next financial year as a credit balance. |
| (3) | The Commission must carry forward any money standing to the credit of the Multi-Party Democracy Fund at the end of the financial year to the next financial year as a credit balance. |
[Section 4 substituted by section 6 of the Electoral Matters Amendment Act, 2024, Notice No. 4790, GG50624, dated 7 May 2024 - Commencement 8 May 2024 by Proclamation 165, GG50628, dated 8 May 2024]