SCHEDULE 5 Accounting Units: Application of Accounting Requirements
Political Parties, Elections and Referendums Act 2000 (2000 c 41) | Legislation

SCHEDULE 5 Accounting Units: Application of Accounting Requirements

Section 49

Introductory

1

(1)     This Schedule provides for the application of sections 41 to 48 in a case where a registered party is a party with accounting units.

(2)     For the purposes of this Schedule all or any of the following are financial matters relating to a party or (as the case may be) an accounting unit, namely—

(a)     its transactions and financial position; and

(b)     its assets and liabilities.

(3)     For the purposes of this Schedule, and any provision as applied by this Schedule, an accounting unit's financial year is the same as that of the party.

(4)     In this Schedule “treasurerâ€, in relation to an accounting unit, means the person specified in the Great Britain or Northern Ireland register as the unit's treasurer.

(5)     If any question arises under this Schedule as to whether, in relation to any matter, anything falls to be done by the treasurer of a party or by the treasurer of an accounting unit, it shall be determined by the Commission.

Accounting records

2

(1)     Section 41—

(a)     shall not impose any duty on the treasurer of the party in relation

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