Mandating Procedures of Provinces Act, 2008
R 385
Political Party Funding Act, 2018 (Act No. 6 of 2018)Chapter 2 : Funds2. Establishment of Represented Political Party Fund |
| (1) | A Represented Political Party Fund is hereby established for the purpose of enhancing multi-party democracy by providing for the funding of represented political parties. |
| (2) | The Commission must open an account for this Fund with any bank registered as a bank in terms of the Banks Act, 1990 (Act No. 94 of 1990). |
| (3) | The Commission must credit the account contemplated in subsection (2) with— |
| (a) | money appropriated by an Act of Parliament; |
| (b) | any money recovered in terms of section 17; and |
| (c) | interest earned on money invested in terms of section 4(1). |
