56Exemption from requirement to prepare quarterly donation reportsU.K.
(1)After section 62 of the 2000 Act (quarterly donation reports) insert—
“62AExemption from requirement to prepare quarterly reports
(1)This section applies if each of four consecutive donation reports prepared by the treasurer of a registered party in pursuance of subsection (1) of section 62 contains—
(a)in the case of a party without accounting units, a statement under subsection (10) of that section, or
(b)in the case of a party with accounting units, statements under subsection (10) of that section in relation to the central organisation of the party and each of its accounting units.
(2)The treasurer is not required to prepare any further donation reports in pursuance of subsection (1) of that section until a recordable donation—
(a)is accepted by the registered party, or
(b)is dealt with by the registered party in accordance with section 56(2).
(3)A recordable donation is a donation which is required to be recorded by virtue of any of subsections (4) to (9) of section 62 (including those subsections as applied by subsection (11) of that section).
(4)If a recordable donation is accepted or (as the case may be) dealt with in accordance with section 56(2), nothing in this section affects the operation of section 62 in relation to—
(a)the reporting period in which the recordable donation is so accepted or dealt with, or
(b)any subsequent reporting period which falls before the time (if any) when this section again applies in relation to the party.
(5)In this section, “donation report” and “reporting period” have the same meaning as in section 62.”
(2)Section 62A of the 2000 Act (as inserted by subsection (1) above) applies only if the last of the reports mentioned in subsection (1) of that section relates to a period which falls wholly or partly after the commencement of this section (but it is immaterial whether any of the other reports relate to such a period).
Commencement Information
I1S. 56 wholly in force at 11.9.2006, see s. 77(2)-(4) and S.I. 2006/1972, art. 3, Sch. 1 para. 17 (subject to transitional provisions in Sch. 2)