Donations Disclosed by Political Parties for 2007

Part 3 - Political Donations Account

Section 23B(1) of the Act provides that if a political party receives a monetary donation in excess of €126.97, it must open and maintain an account in a financial institution in the State and must lodge that donation and any further monetary donations, of whatever value, to that account. This requirement came into effect on 1 January 2002.

In accordance with section 23B(3), a Donation Statement/Statutory Declaration furnished to the Standards Commission by the appropriate officer of a political party, which was required to open a political donations account, must be accompanied by a statement provided by the financial institution in which the account was opened. The statement from the financial institution must specify all transactions that have taken place in relation to the account during the year to which the Donation Statement/Statutory Declaration relates.

The Donation Statement/Statutory Declaration must also be accompanied by a Certificate of Monetary Donations on which the appropriate officer confirms that all monetary donations received during the year were lodged to the account and that all amounts debited from the account were used for political purposes. The Certificate is accompanied by a separate Statutory Declaration.

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