Financial Advisory and Intermediary Services Act, 2002
R 385
Political Party Funding Act, 2018 (Act No. 6 of 2018)Chapter 6 : General Provisions25. Repeal and transitional provisions |
| (1) | Save for as provided in this section, the Public Funding of Represented Political Parties Act, 1997 (Act No. 103 of 1997), is hereby repealed. |
| (2) | Despite the repeal of the Public Funding of Represented Political Parties Act, 1997 (Act No. 103 of 1997), under subsection (1)— |
| (a) | anything done in terms of that Act which may be done under or in terms of this Act continues to be valid and of full force and effect; and |
| (b) | the Represented Political Parties Fund established under that Act is deemed to be the fund established in terms of section 2(1). |
| (3) | The regulations made under the Public Funding of Represented Political Parties Act, 1997 (Act No. 103 of 1997), are amended by the substitution for those regulations of the regulations contained in Schedule 2. |
| (4) | Despite the definition of financial year in section 1, the first financial year of the Multi-Party Democracy Fund runs from the date on which this Act comes into operation until 31 March of the following year. |
| (5) | Despite section 9(3), the first disclosure in terms of paragraph (a) of that section must occur within 6 months from the date on which the Act comes into effect. |
