Under section 10(1) of the Public Funding of Represented Political Parties Act, 1997 (Act No. 103 of 1997), I, acting on the recommendation of a joint committee of the National Assembly and the National Council of Provinces, hereby make the regulations in the Schedule.

Given under my hand and the Seal of the Republic of South Africa at Pretoria this Thirteenth day of November, One thousand Nine hundred and Ninety-eight.

N. R. MANDELA
President

By Order of the President-in-Cabinet:
M. V. MOOSA
Minister of the Cabinet

SCHEDULE

PUBLIC FUNDING OF REPRESENTED POLITICAL PARTIES REGULATIONS, 1998

Definitions
1. In these regulations a word or phrase to which a meaning has been assigned in the Act has that meaning, and, unless the context otherwise indicates-

"Act" means Public Funding of Represented Political Parties Act, 1997 (Act No. 103 of 1997);
"allocated monies" means allocations from the Fund during a particular financial year;
"Constitution" means the Constitution of the Republic of South Africa, 1996;
"equitable allocation" means the allocation referred to in regulation 2 (2) (b);
"proportional allocation" means the allocation referred to in regulation 2 (2) (a).

Allocation of funding

Proportional allocation

3. The proportional allocation is determined by dividing the amount contemplated in regulation 2 (2) (a) proportionally among the participating parties in any legislative body referred to in section 9 (3) (a) of the Act, in accordance with the number of seats awarded to each participating party in the National Assembly and the provincial legislatures jointly.

Equitable allocation

4. The equitable allocation is determined in the following manner:

1. The amount contemplated in regulation 2 (2) (b) must be allocated to the respective provinces in proportion to the number of members of the respective provincial legislatures as contemplated by section 105 (2) of the Constitution; and
2. the allocation to a particular province in terms of paragraph (a) must be divided equally among the participating parties in the legislature of that province.

Times, Intervals and Instalments of payments

5. (1) All allocations to which a political party is entitled as determined in terms of regulations 3 and 4, must be paid to the political party in question in four equal instalments, each within three months of the previous payment. The first instalment must be paid within four weeks of the beginning of the financial year in question.

(2) In the event of an election being called in terms of section 49 (2) or 108 (2) of the Constitution in respect of a particular legislature, any outstanding instalments still to be paid in terms of subregulation (1) to the political parties represented in that legislature during the period of 21 days referred to in section 9 (3) of the Act, must be suspended. The instalments so suspended must be distributed within two weeks of the date of election to the political parties that gain representation in the legislature concerned as a result of the election in accordance with the provisions of regulations 3 and 4, as the case may be.

Manner of payments

6. (1) A political party must provide the Commission with particulars of the party's banking account referred to in section 6 (1) of the Act, within two weeks of such a banking account being opened.

(2) Any payments to be made to a political party in terms of these regulations must be paid into the party's banking account referred to in section 6(1) of the Act.

Separate books and records of account

7. The separate books and records of account required by section 6 (2) of the Act must be kept according to generally accepted accounting practices, and must include the following:

1. Records showing all transactions involving allocated moneys;
2. records showing all assets acquired with allocated moneys:
3. records showing commitments entered into in respect of allocated moneys;
4. a balance sheet:
5. an income and expenditure statement; and
6. a cash flow statement.

Generally descriptive categories of purposes In connection with which amounts are spent

8. (1) Financial statements prepared in relation to the Fund must show the amounts spent during a financial year in question by each political party that received allocations in accordance with these regulations in connection with purposes classifiable under the following descriptive categories:

1. Personnel expenditure;
2. accommodation;
3. travel expenses:
4. arrangement of meetings and rallies;
5. administration; and
6. promotions and publications.
   

(2) The information required for the purposes of subregulalion (1) must be furnished to the Commission by the accounting officer referred to in section 6 (1) of the Act within three months after the end of the financial year in question.

Prescribed percentage of allocations that may be carried over

9. Moneys carried forward to the next financial year as contemplated in section 9 (1) of the Act may not amount to more than fifty per cent of the moneys received from the Fund during the financial year in question.

Short title

10. These regulations are called the Public Funding of Represented Political Parties Regulations, 1998.