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”.