Political Party Funding Act, 2018 (Act No. 6 of 2018)RegulationsRegulations regarding the funding of political parties issued in terms of section 24(2) of the Political Party Funding Act, 20185. Payment of money to represented political party |
| (1) | The Commission must make the payment contemplated in section 6(7) of the Act to a represented political party— |
| (a) | All allocations to which a represented political party is entitled as determined in terms of regulations 3 and 4 of Schedule 2 of the Presidential Regulations, must be paid to the represented political party in question in four equal instalments, each within three months of the previous payment. The first instalment must be paid within four weeks of the beginning of the financial year in question. |
| (b) | only if the political party has provided the Commission with the particulars of its bank account opened in terms of section 12(1)(b) of the Act and the additional information required in terms of a form substantially similar to PPR3A; and |
| (c) | if the political party has been allocated money from the Funds in the previous year, only if the political party has submitted to the Commission the statement contemplated in section 12(2)(d)(i) and the auditor’s opinion in terms of section12(3)(e). |
| (2) | If the particulars provided in terms of sub-regulation (1)(b) change, the represented political party must notify the Commission in form substantially similar to PPR3B within two weeks of that change. |
| (3) | Subject to regulation 5(3) of the Presidential Regulations, all allocations from the Multi-Party Democracy Funds must be paid to the represented political party in question in terms of regulations 3 and 4 of Schedule 2 of the Presidential Regulations. The payments made must be based on the money accumulated in the Multi-Party Democracy Fund from contributions received in the preceding three months. |