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Political Parties and Elections Bill

Amendment 38 38: After Clause 16, insert the following new Clause— "£50,000 cap on donations (1) In section 54 of the 2000 Act (permissible donors), after subsection (1) there is inserted— "(1A) A donation received by a registered party from a permissible donor must not be accepted by the party in so far as the amount of that donation and of any other donations accepted by the party from that donor during the same calendar year exceeds £50,000. (1B) Subsection (1A) does not apply to donations to which subsections (1) and (2) of section 55 apply, or to monies received from public funds." (2) In section 56 of the 2000 Act (acceptance or return of donations: general), after subsection (2) there is inserted— "(2A) If a registered party receives a donation which it is prohibited from accepting by virtue of section 54(1A), subsection (2) applies to that donation only in so far as the amount of that donation and of any other donations accepted by the party from that donor during the same calendar year exceeds £50,000." (3) In section 58(1)(a) of the 2000 Act (forfeiture of donations made by impermissible or unidentifiable donors) after "(b)" there is inserted "or (1A)"."