378Donations not amounting to more than £5,000 in any twelve month periodU.K.
(1)Authorisation under this Part is not needed for a donation except to the extent that the total amount of—
(a)that donation, and
(b)other relevant donations made in the period of 12 months ending with the date on which that donation is made,
exceeds £5,000.
(2)In this section—
“donation” means a donation to a political party or other political organisation or to an independent election candidate; and
“other relevant donations” means—
(a)in relation to a donation made by a company that is not a subsidiary, any other donations made by that company or by any of its subsidiaries;
(b)in relation to a donation made by a company that is a subsidiary, any other donations made by that company, by any holding company of that company or by any other subsidiary of any such holding company.
(3)If or to the extent that a donation is exempt by virtue of this section from the requirement of authorisation under this Part, it shall be disregarded in determining what donations are authorised by any resolution passed for the purposes of this Part.
Modifications etc. (not altering text)
C1Ss. 362-379 applied (with modifications) (1.10.2009) by The Unregistered Companies Regulations 2009 (S.I. 2009/2436), regs. 3-5, Sch. 1 para. 9 (with transitional provisions and savings in regs. 7, 9, Sch. 2)
Commencement Information
I1S. 378 wholly in force at 1.10.2008; s. 378 not in force at Royal Assent see s. 1300; s. 378 in force for certain purposes at 1.10.2007 (E.W.S.), 1.11.2007 (N.I.) and otherwise in force at. 1.10.2008 by S.I. 2007/2194, arts. 2(2), 3(1), 5(1)(i) (with saving in art. 12 and with transitional provisions and savings in Sch. 3)