SCHEDULEAmendments to the Political Parties, Elections and Referendums Act 2000

32

In section 162 (interpretation: exempt trust donations)—

a

in subsection (1)—

i

after “Act” insert “(a)”; and

ii

at the end insert—

b

“exempt Gibraltar trust donation” means a donation to which subsection (3A) applies, other than one falling within subsection (5).

b

after subsection (3) insert—

3A

This subsection applies to any donation received from a trustee of any property in accordance with the terms of a trust—

a

which was created by—

i

a person falling within section 54(2A)(a) to (g) at the time when the trust was created, or

ii

the will of a person falling within section 54(3A), and

b

to which no property has been transferred other than—

i

by a person falling within section 54(2A)(a) to (g) at the time of the transfer, or

ii

under the will of a person falling within section 54(3A),

provided that, at or before the time of the receipt of the donation, the trustee gives the recipient of the donation the relevant information.

c

in subsection (4) for “subsection (3)” substitute “subsections (3) and (3A)”; and

d

in subsection (6)(a) after “exempt trust donation” insert “or exempt Gibraltar trust donation”.