Political Party Funding Act, 2018 (Act No. 6 of 2018)Chapter 2 : Funds5. Management and administration of Funds |
(1) | The chief executive officer is responsible for the management and administration of the Funds. |
(2) | For each financial year, the Commission must keep records in accordance with the standards of generally recognised accounting practice in respect of each of the Funds, setting out— |
(a) | all money received or accruing to the Funds; |
(b) | all allocations and payments made; |
(c) | all expenditure arising from the allocation of money from the Funds; and |
(d) | the current record of the capital and liabilities of the Funds during that year. |