Acts and Regulations

P-9.3 - Political Process Financing Act

Full text
Repealed
66Repealed: 2017, c.28, s.36
2017, c.28, s.36
Additional information required on first financial return
66(1)The first financial return submitted by the official representative of a registered political party shall not be considered to be validly submitted unless it sets out in addition to the information required in section 62
(a) the total amount of funds held by or on behalf of the party at the date of the coming into force of subsection 65(1);
(b) a valued inventory of property other than office equipment and supplies, held by or on behalf of the party on the date of the coming into force of subsection 65(1) valued as of that date; and
(c) the name and address of the financial institution where the funds described in subsection 65(1) are deposited and the account number used.
66(2)No financial return submitted by the official representative of a registered political party shall be considered to be validly submitted unless it sets out, for the period covered by the return in addition to the requirements of section 62:
(a) all interest earned on the funds described in subsection 65(1);
(b) the net income or capital gain derived from the sale, lease, investment or other use of the property described in paragraph 1(b);
(c) all expenditures and withdrawals made by or on behalf of the party out of the funds described in subsection 65(1) together with the amounts described in paragraph (a) and (b);
(d) the state of the funds described in subsection 65(1) on the date of the return;
(e) an inventory of the property described in paragraph 1(b) and still held by or on behalf of the party on the date of the financial return valued as of the date of the financial return.
Additional information required on first financial return
66(1)The first financial return submitted by the official representative of a registered political party shall not be considered to be validly submitted unless it sets out in addition to the information required in section 62
(a) the total amount of funds held by or on behalf of the party at the date of the coming into force of subsection 65(1);
(b) a valued inventory of property other than office equipment and supplies, held by or on behalf of the party on the date of the coming into force of subsection 65(1) valued as of that date; and
(c) the name and address of the financial institution where the funds described in subsection 65(1) are deposited and the account number used.
66(2)No financial return submitted by the official representative of a registered political party shall be considered to be validly submitted unless it sets out, for the period covered by the return in addition to the requirements of section 62:
(a) all interest earned on the funds described in subsection 65(1);
(b) the net income or capital gain derived from the sale, lease, investment or other use of the property described in paragraph 1(b);
(c) all expenditures and withdrawals made by or on behalf of the party out of the funds described in subsection 65(1) together with the amounts described in paragraph (a) and (b);
(d) the state of the funds described in subsection 65(1) on the date of the return;
(e) an inventory of the property described in paragraph 1(b) and still held by or on behalf of the party on the date of the financial return valued as of the date of the financial return.